Which of the following would not typically be disclosed in the notes to the financial statements?
A)Additional detail regarding numbers reported in the financial statements.
B)A summary of significant accounting policies.
C)Commitments under long-term supply agreements.
D)The net income earned for the reporting perioD.The net income earned for the reporting period is included directly in the financial statements.

Question

Quizplus · Accepted Answer

The net income earned for the reporting period is already included in the main financial statements and does not need to be disclosed in the notes. The other options, A, B, and C are all typical items that would be disclosed in the notes to provide additional information and context for the financial statements.

Which of the Following Would Not Typically Be Disclosed in the Notes