Which of the Following Do NOT Need to Be Disclosed

question 23

Multiple Choice

Which of the following do NOT need to be disclosed in financial statements?

• A) Details concerning revaluations.
• B) Cost and accumulated depreciation by major classes of assets.
• C) A description of the enterprise's accounting policies with respect to depreciation/amortisation.
• D) Reasons for assets not being revalued.

---

Definitions:

Marginal Cost

The increased expenditure resulting from making an additional unit of a product or service.

Oligopoly

A market structure characterized by a small number of firms that have significant market power, leading to limited competition.

Price Fixing

An illegal practice where businesses collude to set prices at a certain level, rather than allowing market forces to determine them.

Microsoft

A multinational corporation that specializes in the development, manufacturing, licensing, support, and sales of computer software, consumer electronics, and personal computers and services.