Which of the Following Is Most Likely Considered a Material

question 24

Multiple Choice

Which of the following is most likely considered a material omission from the rules of financial statement reporting?

• A)The company no longer discloses a previously settled contingency.
• B)The company does not present the fair value of all current assets on the balance sheet.
• C)A privately held company does not disclose earnings per share.
• D)A company with a net loss does not present a statement of cash flows.

---

Definitions:

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to support a need, program, and project, usually by an organization or government.

VC

Venture Capital, a type of private equity and a form of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.

Growing

The process of increasing in size, quantity, value, or strength.

Corporate Angels

Wealthy companies that invest in small startups or entrepreneurs, often for strategic purposes as well as financial return.