Which of the Following Does NOT Need Be Disclosed in a Summary

question 34

Multiple Choice

Which of the following does NOT need be disclosed in a Summary of Significant Accounting Policies?

• A) inventory valuation method(s)
• B) revenue recognition method(s)
• C) depreciation and amortization method(s)
• D) claims of shareholders

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Definitions:

Encoding Failure

A situation in the memory process where the brain fails to create a strong memory link to information, making it difficult to recall later.

Motivated Forgetting

The subconscious or conscious act of forgetting or suppressing information that is too painful, embarrassing, or unpleasant to remember.

Misinformation Effect

Incorporating misleading information into one’s memory of an event.

Seconds Before Asleep

The brief period or moments directly preceding the onset of sleep.