Which of the following is not required to be disclosed in financial statements u
ID: 2578076 • Letter: W
Question
Which of the following is not required to be disclosed in financial statements under nature of operations? A. Industries in which the entity operates. B. Major competitors. C. The relative importance of each industry in which the entity operates. D. Major products or services. Which of the following is not required to be disclosed in financial statements under nature of operations? A. Industries in which the entity operates. B. Major competitors. C. The relative importance of each industry in which the entity operates. D. Major products or services.Explanation / Answer
Answer : B Major Competitors
the following three are relevant and required to be disclosed in financial statements under nature of operations
Industries in which the entity operates
The relative importance of each industry in which the entity operates
Major products or services
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