Which of the Following Is Generally Supplementary Information Required by GAAP

question 150

Multiple Choice

Which of the following is generally supplementary information required by GAAP concerning the accounting treatments used by a company?

• A)A year-end worksheet
• B)Management's Discussion and Analysis
• C)Report of Independent Accountants
• D)Notes to the Consolidated Financial Statements

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Definitions:

Transportation

Transportation refers to the movement of goods and people from one location to another through various means including road, rail, air, and sea.

Food And Beverages

Products that encompass all consumables (foods and drinks) prepared for human consumption.

CPI

This index, known as the Consumer Price Index, evaluates the price variation of a diversified basket of consumer goods and services, factoring in food, transport, and healthcare, by employing a weighted average method.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, removing the effect of inflation.