Leo Company's balance sheet shows Inventory of $162,800. What additional disclosures must be made?

Question:

Leo Company's shows Inventory of $162,800. What additional disclosures must be made?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...