question archive Under U

Under U

Subject:AccountingPrice: Bought3

Under U. S. GAAP, which of the following should be disclosed in a summary of significant accounting policies?

I. Inventory valuation method(s) used.

II. Depreciation methods(s) used.

III. Related party transactions.

IV. Revenue recognition policies for long-term contracts.

 

 

I and II.

 

III and IV.

 

I, II and IV.

 

I only.

 

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