Significant Accounting Policies Are Described in the Notes to the Financial

question 15

Multiple Choice

Significant accounting policies are described in the notes to the financial statements because:

• A) there isn't enough space for them to be included in the captions of the financial statements.
• B) if the accrual basis of accounting is used, "matching" of revenues and expenses may not take place.
• C) the reader must be aware of which of the alternative generally accepted accounting practices have been used.
• D)none of the above.

---

Definitions:

Low Self-Esteem

A condition characterized by a lack of confidence and feeling undeserving of respect or a positive self-view.

Obedient

The quality of willingly complying with orders, requests, or laws.

Uninvolved

A parenting or caregiving style characterized by a low level of responsiveness and communication, combined with limited emotional involvement or supervision.

Negligent

Failing to take proper care in doing something, leading to harm or injury to others.