Which of the Following Statements Concerning Financial Statement Presentation Is

Multiple Choice

Which of the following statements concerning financial statement presentation is NOT a true statement?

A) Intangible assets can be listed separately on the balance sheet.
B) The balances of major classes of assets may be disclosed in the footnotes.
C) The balances of the accumulated depreciation of major classes of assets may be disclosed in the footnotes.
D) The balances of all individual assets, as they appear in the subsidiary long-lived asset ledger, should be disclosed in the footnotes.