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.
The Statement of Principles seeks to identify why financial statements are produced; and whether they are meeting their objective. The reason it says, is: to provide information about the financial position, performance and financial adaptability of an enterprise, that is useful to a wide range of users for assessing the stewardship of management and for making economic decisions. To meet their basic objective financial statements must be useful; and the information relevant and reliable.