Which of the Following Is Most Likely Considered a Material

Multiple Choice

Which of the following is most likely considered a material omission from the rules of financial statement reporting?

A) The company no longer discloses a previously settled contingency.
B) The company does not present the fair value of all current assets on the balance sheet.
C) A privately held company does not disclose earnings per share.
D) A company with a net loss does not present a statement of cash flows.