Multiple Choice
Which of the following statements concerning financial statement presentation is false?
A) Intangibles may be reported separately.
B) The balances of major classes of assets should be disclosed in the notes.
C) The balances of the accumulated depreciation of major classes of assets should be disclosed in the notes.
D) The balances of all individual assets, as they appear in the subsidiary ledger, should be disclosed in the notes.
Correct Answer:

Verified
Correct Answer:
Verified
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