Notes to the financial statements typically contain all of the following except
A)a summary of significant accounting policies.
B)disclosure of important subsequent events.
C)management's discussion and analysis.
D)related-party transactions.

Question

Quizplus · Accepted Answer

Notes to the financial statements typically contain a summary of significant accounting policies, disclosure of important subsequent events, and related-party transactions. However, management's discussion and analysis is typically presented in a separate section of the annual report rather than in the notes to the financial statements.

Notes to the Financial Statements Typically Contain All of the Following