Which of the following does NOT have to be disclosed in interim reports?
A) Seasonal costs or expenses.
B) Significant changes in estimates.
C) Disposal of a segment of a business.
D) All of these must be disclosed.

Question

Quizplus · Accepted Answer

All of these items (seasonal costs or expenses, significant changes in estimates, and disposal of a segment of a business) must be disclosed in interim reports according to accounting standards. These disclosures are important for the fair presentation of the financial situation and performance of a company during a part of the fiscal year.

Which of the Following Does NOT Have to Be Disclosed