Which of the Following Is NOT an Example of a Disclosure

question 74

Multiple Choice

Which of the following is NOT an example of a disclosure required by statute?

• A)disclosure of a serious medical condition when obtaining life insurance
• B)disclosure of material facts by a financial officer of a publically traded corporation
• C)disclosure of significant liabilities that exist when making a domestic (family law) contract
• D)disclosure of material facts pertaining to the sale of securities
• E)disclosure of material facts by an accountant when she sells her car to one of her clients

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Definitions:

July

The seventh month of the Gregorian calendar, typically associated with the height of summer in the northern hemisphere.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard amount expected to be used, multiplied by the standard cost per unit.

Materials Quantity Variance

The variance between the actual amount of materials utilized in manufacturing and the anticipated amount, multiplied by the established unit cost.

Raw Materials Price Variance

The difference between the actual cost and the standard cost of raw materials used in production.