One factor that influenced the failure of the United States in Vietnam was lack of public support. However, the notion that the war initially was prosecuted by the government against the wishes of the American people is false.
September 29, 2012/. The general purpose of the financial statements is to provide information about the results of operations, financial position, and cash flows of an organization. This information is used by the readers of financial statements to make decisions regarding the allocation of resources.
In this case, company A will need to list this contingent liability in the notes to the financial statements. The last type of note to the financial statements lists any claims that creditors may have against a company. The Purpose of Notes. Now that you know what the notes to the financial statements are, let's talk about the purpose of these notes. Because the financial statements are relied upon heavily by potential creditors and investors, as well as current creditors and investors, the Financial Accounting Standards Board (FASB) wanted to ensure that all interested individuals have reliable information on company performance.