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Prease address the following discussion questions. DE 1. What benefit would there be to gathering...

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Accounting

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Prease address the following discussion questions. DE 1. What benefit would there be to gathering information beyond that contained on the tace of the financial statements? DB 2. Does the information contained in footnotes alway be directly to the amounts reported on the face of the funancial statengents? De 3. Sorne accounts, such as deferred taxes, reported on the batance sheet may not tie dinectly to the detailed additional information in the rebted foothote. Explain why one may need to use an implied asset or implied liability in ceconciling the repoeted number with the footnote detail

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