Disclosures about inventory should include each of the following except the
A) basis of accounting.
B) costing method.
C) quantity of inventory.
D) major inventory classifications.

Question

Quizplus · Accepted Answer

Disclosures about inventory should include the basis of accounting, costing method, and major inventory classifications. However, the quantity of inventory is not typically disclosed in financial statements.

Disclosures About Inventory Should Include Each of the Following Except