Which of the Following Commitments Would Not Require Disclosure in the Financial

question 50

Multiple Choice

Which of the following commitments would not require disclosure in the financial statement notes?

• A)Major property, plant and equipment expenditures.
• B)Payments under non-cancellable operating leases.
• C)Large purchases of materials from a regular supplier
• D)Commitments involving significant risk.

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Definitions:

Differentiation

Process by which cells acquire specialized structures and functions.

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.

Social Relationships

Connections between individuals in a society governed by social norms, roles, and social contexts, influencing behaviors and attitudes.

Academic Subjects

Specific areas of study or branches of knowledge that are taught in educational institutions.