Accounting policies disclosed in the notes to the financial statements typically include all of the following except
A) the cost flow assumption used
B) the depreciation methods used
C) significant estimates made
D) significant inventory purchasing policies

Question

Quizplus · Accepted Answer

Accounting policies typically include information about cost flow assumptions, depreciation methods, and significant estimates made. However, significant inventory purchasing policies are more likely to be disclosed in the management discussion and analysis section of the financial statements or in other sections of the annual report.

Accounting Policies Disclosed in the Notes to the Financial Statements