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.
Explanatory notes are discussions of items that accompany the financial statements, which are the income statement, the balance sheet, and the statement of cash flows. These notes are important disclosures that further explain numbers on the financial statements. The reason for these notes harkens back to fulfilling the needs of the external users of the financial statements. Notes that show the basis for presentation The first order of business when preparing explanatory notes is explaining, in general, the business and significant accounting policies.