Which of the following is not required to be disclosed in financial statements u

Question

Which of the following is not required to be disclosed in financial statements under nature of operations? A. Industries in which the entity operates. B. Major competitors. C. The relative importance of each industry in which the entity operates. D. Major products or services. Which of the following is not required to be disclosed in financial statements under nature of operations? A. Industries in which the entity operates. B. Major competitors. C. The relative importance of each industry in which the entity operates. D. Major products or services.

Explanation / Answer

Answer : B Major Competitors

the following three are relevant and required to be disclosed in financial statements under nature of operations

Industries in which the entity operates

The relative importance of each industry in which the entity operates

Major products or services

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