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The concept of adequate disclosure requires a company to inform financial statement users of each of the following, except: The due dates of major liabilities.
The concept of adequate disclosure requires a company to inform financial statement users of each of the following, except:
The due dates of major liabilities. |
Destruction of a large portion of the company's inventory on January 20, three weeks after the balance sheet date, but prior to issuance of the financial statements. |
The accounting methods in use. |
Income projections for the next five years based upon anticipated market share of a new product; the new product was introduced a few days before the balance sheet date. |
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