Which of the Following Items Is Not Part of Disclosure

question 110

Multiple Choice

Which of the following items is not part of disclosure notes to the financial statements?

• A)Descriptions of the significant accounting methods applied in the company's financial statements.
• B)Additional detail of income taxes payable reported in the balance sheet.
• C)Names of executive officers and the salaries for each officer listed.
• D)Commitments under long-term supply agreements to buy inventory and equipment.

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Definitions:

Qualifying

The process of meeting established criteria or standards in order to obtain a certain status or opportunity.

Utah

A state in the western United States known for its vast natural landscapes, including mountains, deserts, and the Great Salt Lake.

Title

Title refers to the legal right to own something, especially land or property, evidenced by a document recorded by a public office.

Corporate Property

Assets owned by a corporation, including physical goods, intellectual property, and financial assets.