Disclosures about inventory should include each of the following except the

A) basis of accounting.
B) costing method.
C) quantity of inventory.
D) major inventory classifications.

Question

Disclosures about inventory should include each of the following except theA)  basis of accounting.B)  costing method.C)  quantity of inventory.D)  major inventory classifications.

Makaila Foster 'student' · Accepted Answer

Final Answer : C, Explanation :  Disclosures about inventory should include the basis of accounting, costing method, and major inventory classifications. However, the quantity of inventory is not typically disclosed in financial statements.

Disclosures about inventory should include each of the following except the

A) basis of accounting.
B) costing method.
C) quantity of inventory.
D) major inventory classifications.

Definitions

Learning Objectives

Learning Objectives

Related questions