The summary of significant accounting policies footnoted in the financial statements would NOT normally discuss
A) depreciation methods.
B) board of directors salaries.
C) method of inventory costing.
D) revenue recognition policies.

Question

Quizplus · Accepted Answer

The summary of significant accounting policies typically includes information on how a company handles its accounting in areas that can significantly impact its financial statements, such as depreciation methods, inventory costing methods, and revenue recognition policies. It does not normally include information on specific expenses like board of directors salaries, as these are not considered accounting policies but rather specific operational expenses.

The Summary of Significant Accounting Policies Footnoted in the Financial