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.