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<p><em><strong>A. Describe significant accounting policies. </strong></em></p> <p><em><strong>B. Describe depreciation methods employed by the company. </strong></em></p> <p><em><strong>C. Describe principles and methods peculiar to the industry in which the company operates, when these principles and methods are predominantly followed in that industry. </strong></em></p> <p><em><strong>D. Correct an improper presentation in the financial statements.</strong></em></p>
correct an improper presentation in the financial statements
option D is the correct answer
the correct answer is option D
Notes to financial statements are beneficial in meeting the disclosure requirements of financial reporting. The notes should not be used to Describe depreciation methods employed by the company. Describe principles and methods peculiar to the industry in which the company operates when these principles and methods are predominately followed in that industry Disclose the basis of consolidation for consolidated statements. Correct an improper presentation in the financial statements.
corect improper presentation.
Notes to financial statements are beneficial in meeting the disclosure requirements of financial reporting. The notes should not be used to:
The CORRECT answer is given below:
C. Describe principles and methods peculiar to the industry in which the company operates, when these principles and methods are predominantly followed in that industry.
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