Which One of the Following Statements Is Not a Disclosure

question 49

Multiple Choice

Which one of the following statements is not a disclosure requirement for depreciation?

• A)the balance of major classes of depreciable assets
• B)a general description of the method(s)used for depreciation
• C)the accumulated depreciation for each major class of depreciable asset
• D)the useful lives for each major class of depreciable asset

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Definitions:

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other assets at a specified price within a specific time period.

Specified Exercise Price

The predetermined price per share at which the holder of an option can buy (call option) or sell (put option) the underlying security.

Specified Expiration Date

The predetermined date on which an options or futures contract expires, determining the last day it can be exercised or traded.

Bond Equivalent Yield

is a calculation for converting the yield on a short-term, discount-based security into an annual yield that is comparable to those of bonds, to facilitate comparison among various securities.