Which of the following is NOT a required disclosure with respect to liabilities?
A) maturity dates and interest rates for each outstanding bond issue
B) payment terms for trade accounts payable
C) future payments and maturity amounts for each of the next five years
D) details of assets pledged as collateral

Question

Quizplus · Accepted Answer

Payment terms for trade accounts payable are generally considered part of the normal course of business and do not require the same level of disclosure as the specific terms and conditions associated with long-term debt, such as bonds, or the detailed future payments and collateral arrangements.

Which of the Following Is NOT a Required Disclosure with Respect