Which of the Following Statements Concerning Financial Statement Presentation Is

question 280

Multiple Choice

Which of the following statements concerning financial statement presentation is not a true statement?

• A) Intangibles are reported separately under Intangible Assets.
• B) The balances of major classes of assets may be disclosed in the footnotes.
• C) The balances of the accumulated depreciation of major classes of assets may be disclosed in the footnotes.
• D) The balances of all individual assets as they appear in the subsidiary plant ledger should be disclosed in the footnotes.

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