For Reporting Purposes, Only Codes Are Permissible, Not Categories or Subcategories

question 6

Short Answer

For reporting purposes, only codes are permissible, not categories or subcategories, and any applicable ____________________ character is required.

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Definitions:

Contra Asset

An account on a company's balance sheet that reduces the value of a related asset account.

Balance Sheet

A financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time.

Neighborhoods

Geographic areas within a city or town, characterized by distinct attributes and often by a sense of community among residents.

Comprised

Made up of; consists of various components or elements.