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Disclosure question

This topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.

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August 11, 2014 at 9:53 am #189345
mansoor
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first…

when we use the term “disclosure”, it may mean the following:

* when an amount is part of the sofp and sopl. eg, inventory, or depreciation expense. is this considered a disclosure?

* any thing that is mentioned in the Notes.

is this a correct assessment?

thanks
August 11, 2014 at 10:19 am #189349
John Moffat
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Yes – that is correct.

However, it should be clear from the wording of a question which one they mean 🙂
August 11, 2014 at 10:37 am #189353
mansoor
- Topics: 424
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right…. thank u.. i will post a few real questions…:)

thanks again… as usual…am in panic mode since exam around 25th
August 11, 2014 at 11:07 am #189361
John Moffat
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You are welcome (and stop panicking 🙂 )
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