Which of the Following Is Typically Not Confidential Information

question 31

Multiple Choice

Which of the following is typically not confidential information?

• A) Pricing and cost data from a supplier
• B) Bid or quotation information a supplier has submitted
• C) Formulas and process information from a supplier
• D) Design information (drawings, blueprints, etc.) from a supplier
• E) The request for a quotation given to a supplier

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Definitions:

MACRS Depreciation

The Modified Accelerated Cost Recovery System is a method of depreciation for tax purposes in the United States, allowing for faster depreciation of assets in the early years.

Double-Declining-Balance

A method of accelerated depreciation which computes depreciation at twice the straight-line rate, applied to a decreasing book value each year.

Footnote Disclosure

Additional information provided at the bottom of financial statements, explaining the numbers or policies above.

Cumulative Effect Change

The aggregate change in a company's earnings resulting from a change in accounting principle, reported in the period in which the change is made.