Significant Accounting Policies Are Described in the Notes to the Financial

Significant accounting policies are described in the notes to the financial statements because:

A) there isn't enough space for them to be included in the captions of the financial statements.
B) if the accrual basis of accounting is used, "matching" of revenues and expenses may not take place.
C) the reader must be aware of which of the alternative generally accepted accounting practices have been used.
D) details concerning the reporting entity's accounting information system and data processing methods must be disclosed.