Before 1900, which of the following accurately describes financial reports?
A. They emphasized the need for standardized and increased corporate disclosures.
B. They were for widespread use and distribution.
C. They emphasized solvency and liquidity.
D. None of the above accurately describe financial reports pre-1900.
Answer:C
Before 1900, which of the following accurately describes financial reports?
A. They emphasized the need for standardized and increased corporate disclosures. B. They were for widespread use and distribution. C. They emphasized solvency and liquidity. D. None of the above accurately describe financial reports pre-1900.