Each of the Following Must Be Disclosed in the Financial

question 90

Multiple Choice

Each of the following must be disclosed in the financial statements, except:

• A) The total amounts of long-term debt maturing in each of the next five years.
• B) The company's debt ratio and interest coverage ratio for the current year.
• C) Loss contingencies, when a reasonable possibility exists that a material loss has been incurred.
• D) The fair value of long-term liabilities, when this value is significantly different from the amount shown in the balance sheet.

Understand cultural expressions and critiques through visual art.

Recognize architectural styles and their emotional and psychological impacts.

Identify mediums and techniques in modern photography and sculpture.

Analyze artworks in the context of social and governmental policies.