Disclosure notes would not include:
A) Depreciation methods used and estimated useful life.
B) Definition of cash equivalents.
C) Details of pension plans.
D) Data to adjust the financial statements so that they are not misleading.

Question

Quizplus · Accepted Answer

Disclosure notes in financial statements are meant to provide additional context and details about the financial condition and operations of a company, not to correct or adjust the financial statements themselves. Adjustments to make the financial statements accurate should be made directly in the statements, not in the disclosure notes.

Disclosure Notes Would Not Include