City of Wasco, CA Demographic Information. * Demographic data is based on information taken from the 2000 Census. City of Wasco, CA covers 1 Area Code.
The notes to the financial statements also must disclose claims by creditors against the assets of the company. The note shows how the company is financing present and future costs. It also gives the user of the financial statements a look at future cash flows, which can affect the payment of dividends.
In other words, all important financial information that would sway the opinion of a financial statement user should be included in the financial statements. The concept of materiality is relative in size and importance. Some financial information might be material to one company but might be immaterial to another.