Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following do not need to be disclosed in financial statements? Select one: a.Cost and accumulated depreciation by major classes of assets. b.Reasons

Which of the following do not need to be disclosed in financial statements?

Select one:

a.Cost and accumulated depreciation by major classes of assets.

b.Reasons for assets not being revalue.

c.Material income and expense items in the income statement.

d.A description of the enterprise's accounting policies with respect to depreciation/amortisation.

e.Details concerning revaluation.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen

8th edition

1259917061, 978-1259917066

More Books

Students also viewed these Accounting questions

Question

2. How do I perform this role?

Answered: 1 week ago