Comedian Tim Allen has an idea for a home improvement at the White House: Get a new tenant! A rare Republican in Democrat-loving Hollywood â let alone in prime time â Allen delivers a comic smackdown in the season premiere of his ABC sitcom, âLast Man Standing.â.Itâs the first sign the GOP may be making inroads in what has been nearly solid support for the president on the left coast. rare Republican in Democrat-loving Hollywood â let alone in prime time â Allen delivers a comic smackdown in the season premiere of his ABC sitcom, âLast Man Standing.â. Itâs the first sign the GOP may be making inroads in what has been nearly solid support for the president on the left coast.
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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.