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Financial Disclosures The following are typical disclosures that would appear in the notes accompanying financial statements. For each of the items listed, indicate where the
Financial Disclosures The following are typical disclosures that would appear in the notes accompanying financial statements. For each of the items listed, indicate where the disclosure would likely appear either in (A) the significant accounting policies note, or (B) a separate note. 1. Depreciation method 2. Information on related party transactions 3. Method of accounting for acquisitions 4. Composition and details of long-term debt 5. Inventory method 6. Basis of revenue recognition 7. Major damage to a plant facility occurring after year-end 8. Composition of accrued liabilities
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