Notes to the Financial Statements Include All of the Following

question 16

Multiple Choice

Notes to the financial statements include all of the following except

• A)descriptions of significant accounting policies used.
• B)explanations of uncertainties.
• C)projected accounting information.
• D)statistics needed to understand the statements.

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Definitions:

Fast Fashion

A term used to describe clothing collections which are based on the most recent fashion trends and are brought to market quickly at an affordable price.

SCM System

A Supply Chain Management System is an integrated software solution that manages and oversees the flow of goods, data, and finances as a product or service moves from supplier to customer.

Amazon

A multinational technology company primarily known for its e-commerce platform, cloud computing services, digital streaming, and artificial intelligence.

Proprietary, On-premise

This term describes software that is owned by a specific company and is installed and runs on computers on the premises of the organization using the software, as opposed to being cloud-based.