Notes to the financial statements typically include each of the following except:
A) all insignificant disclosures.
B) explanations of measuring bases used.
C) details of asset subclassifications.
D) confirmation that accounting standards have been adhered to.

Question

Quizplus · Accepted Answer

The notes to the financial statements typically include significant disclosures that provide additional information about the financial statements, such as explanations of accounting policies, significant estimates and assumptions, and contingencies. All insignificant disclosures are generally excluded from the notes to avoid clutter and unnecessary details.

Therefore, the correct option is A, "all insignificant disclosures."

Notes to the Financial Statements Typically Include Each of the Following