Note disclosure relating to inventory requires that management prepare financial reports thatdisclose all of the following types of information except:

Question

Quizplus · Accepted Answer

Note disclosure relating to inventory is designed to provide relevant information to decision makers and facilitate comparison with other companies' financial reports. The method of inventory costing used must also be disclosed. However, forecasts of expected future earnings are not required as part of inventory disclosures.

Note Disclosure Relating to Inventory Requires That Management Prepare Financial