Which of the following items is not part of disclosure notes to the financial statements?

A) Descriptions of the significant accounting methods applied in the company's financial statements.
B) Additional detail of income taxes payable reported in the balance sheet.
C) Names of executive officers and the salaries for each officer listed.
D) Commitments under long-term supply agreements to buy inventory and equipment.

Question

Randall Vance · Accepted Answer

Final Answer : C, Explanation :  Disclosure notes typically include information on significant accounting methods, income taxes, long-term commitments, and other relevant information about the company's financial condition. However, names of executive officers and their salaries are typically disclosed in proxy statements or other SEC filings, rather than in the financial statements themselves.

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