Which of the Following Does NOT Have to Be Disclosed

question 39

Multiple Choice

Which of the following does NOT have to be disclosed in interim reports?

• A) Seasonal costs or expenses.
• B) Significant changes in estimates.
• C) Disposal of a segment of a business.
• D) All of these must be disclosed.

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Definitions:

Sensorimotor

The first stage of Piaget’s theory of cognitive development, from birth to roughly 2 years, where infants understand the world through their actions and sensory experiences.

Secondary Circular Reaction

A stage in Piaget's theory of cognitive development where infants repeat actions that are pleasurable or produce interesting results, typically occurring from 4 to 8 months of age.

Primary Circular Reaction

An early developmental stage where infants repeat an action that they accidentally discovered, focusing on their own body.

Tertiary Circular Reaction

A stage in Piaget's theory of cognitive development during which toddlers experiment with new behaviors to see the outcomes, typically observed around 12 to 18 months of age.