Author Question: Each of the following would be considered required supplementary information except A. ... (Read 22 times)

piesebel · **on:** Jul 5, 2018

Each of the following would be considered required supplementary information except

A. Management's discussion and analysis.
B. Budgetary comparison information that is eligible for basic financial statement presentation but not included therein.
C. A letter of transmittal.
D. Disclosures for governments that use the modified approach to infrastructure accounting and reporting.

Question 2

The consistency principle is violated when a firm uses straight-line depreciation one year and changes to declining balance depreciation the next year.
Indicate whether the statement is true or false