Which of the following is not a required supplemental disclosure for the balance sheet?
A) Contingencies
B) Financial forecasts
C) Accounting policies
D) Contractual situations

Question

Quizplus · Accepted Answer

Financial forecasts are not a required supplemental disclosure for the balance sheet. The required supplemental disclosures for the balance sheet include contingencies, accounting policies, and contractual situations. Financial forecasts may be included as a voluntary supplemental disclosure, but they are not required.

Which of the Following Is Not a Required Supplemental Disclosure