fall 2018 #23b
fall 2018 #23b
Why is "State the basis of reserves, such as Gross/Net/S&S" incorrect here?
The BattelAct Chart has it is a must discloure:
must identify:
- reserve items in opinion
- accounting basis for reserves
- review date (also defined in ASOP 36)
- data source
Comments
You're not the only person who wondered about this. This exact question was asked in the thread for COPLFR.SAO. Here's the link to the question then scroll down for my answer: