Disclosure of significant accounting policies should include all of the following items except:
A)the depreciation methods.
B)the inventory costing methods.
C)the amortization methods.
D)the valuation method used for operational assets.

Question

Quizplus · Accepted Answer

The valuation method used for operational assets is not typically considered a significant accounting policy that needs to be disclosed. Significant accounting policies usually include principles and methods that are critical for financial statement preparation, such as depreciation, inventory costing, and amortization methods.

Disclosure of Significant Accounting Policies Should Include All of the Following