Which of the following commitments would NOT require disclosure in the financial statement notes?
A) major property, plant and equipment expenditures
B) payments under non-cancellable operating leases
C) large purchases of materials in the normal course of business
D) commitments involving significant risk

Question

Quizplus · Accepted Answer

Large purchases of materials in the normal course of business do not represent commitments that require disclosure in the financial statement notes, whereas A, B, and D do. Major property, plant, and equipment expenditures, payments under non-cancellable operating leases, and commitments involving significant risks all represent significant obligations or contingencies that may impact a company's financial position or performance, and therefore require disclosure in the financial statement notes.

Which of the Following Commitments Would NOT Require Disclosure in the Financial