Which of the Following Is an Example of a Disclosure

question 103

Multiple Choice

Which of the following is an example of a disclosure of information NOT recognized that would be explained in the notes to the financial statements?

• A) The description of all the individual items that comprise notes payable
• B) The disclosure of quarterly financial information
• C) The method used to estimate depreciation on a piece of equipment
• D) The disclosure of the uncertain, potential outcome of a lawsuit

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Definitions:

Autoclaves

sterilization devices that use steam under pressure to kill bacteria, viruses, fungi, and spores on medical or scientific equipment.

Pressure

The force per unit area applied on a surface, important in various scientific, engineering, and health-related contexts.

Sterilization

The process of making something free from all forms of microbial life, including bacteria, viruses, spores, and fungi.

Label

To assign a category or describe the nature of something, often used in the context of diagnosing medical conditions.