Which of the Following Statements Concerning Financial Statement Presentation Is

question 93

Multiple Choice

Which of the following statements concerning financial statement presentation is false?

• 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.

---

Definitions:

Calories

Units of energy in food, quantifying the amount of energy provided to the body when consumed.

Set-Point Theory

A theory that suggests human body weight is regulated around a genetically predetermined 'set point.'

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system, including temperature regulation, thirst, hunger, sleep, mood, and sex drive.

Fat Cell Theory

The hypothesis that the number of fat cells in the body is fixed in early life and that obesity is related to the size of the fat cells rather than their number.