Which of the following is correct concerning financial statement disclosure of accounting policies?

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Here is the solution for Which of the following is correct concerning financial statement disclosure of accounting policies?. The solution is given after the options.

Which of the following is correct concerning financial statement disclosure of accounting policies?

Disclosures should be limited to principles and methods peculiar to the industry in which the company operates.

Disclosure of accounting policies is an integral part of the financial statements.

The format and location of accounting policy disclosures are fixed by generally accepted accounting principles.

Disclosures should duplicate details disclosed elsewhere in the financial statements.

Correct Answer

Disclosure of accounting policies is an integral part of the financial statements.

Explanation:

Disclosure of accounting policies is an integral part of the financial statements. is the answer for Which of the following is correct concerning financial statement disclosure of accounting policies?

Conclusion:

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