According to the disclosure requirements outlined in Statement of Accounting Concepts No. 5, the following is an example supplementary information that should be disclosed because it affects an area that is directly affected by existing FASB Standards
A) Management discussion and analysis.
B) Segment information.
C) Accounting policies.
D) A statement of cash flows.

Question

Quizplus · Accepted Answer

Segment information is an example of supplementary information that should be disclosed as it directly affects the implementation of FASB Standards, such as FASB ASC 280 on segment reporting. This information provides additional detail on the performance of business segments to help users of financial statements better understand the company's operations and financial position.

According to the Disclosure Requirements Outlined in Statement of Accounting