Details of each class of stock must be reported:
A) On the face of the balance sheet only.
B) In disclosure notes only.
C) On the face of the balance sheet or in disclosure notes.
D) On the face of the balance sheet and in disclosure notes.

Question

Quizplus · Accepted Answer

Details of each class of stock can be reported either on the face of the balance sheet or in the disclosure notes, as per accounting standards. This provides flexibility in how companies present their financial information.

Details of Each Class of Stock Must Be Reported