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

While disclosures for contingencies, accounting policies, and contractual situations are required for the balance sheet, financial forecasts are not a required disclosure. However, companies may choose to provide future financial projections as additional information for investors and stakeholders.

Which of the Following Is NOT a Required Supplemental Disclosure