Which of the following is not typically included in the notes to the financial statements?
A)All insignificant disclosures
B)Explanations of measuring bases used
C)Details of asset subclassifications
D)Confirmation that accounting standards have been adhered to

Question

Quizplus · Accepted Answer

Notes to the financial statements typically provide significant disclosures about the financial position, performance, and cash flows of a business. Therefore, insignificant disclosures would not be included. Explanations of measuring bases used, details of asset subclassifications, and confirmation that accounting standards have been adhered to are typically included in the notes to the financial statements.

Which of the Following Is Not Typically Included in the Notes