Which of the following might not typically be located in the financial statement footnotes?
A) Specific accounting methods used
B) Significant accounting policies
C) Key assumptions about estimates
D) Specific internal business strategies
E) Descriptions of pending lawsuits

Question

Quizplus · Accepted Answer

Financial statement footnotes usually include details about the accounting methods, policies, key assumptions, and pending lawsuits, but not specific internal business strategies, as these are considered proprietary and strategic information not typically disclosed in financial statements.

Which of the Following Might Not Typically Be Located in the Financial