Which of the following policy decisions would not need to be disclosed in the Summary of Significant Accounting Policies (SSAP)? a. Depreciation method b. Costing method for inventory c. Issuance of debt of equity d. Revenue recognition for long-term construction contracts

C. Issuance of debt of equity

Explanation: The summary of significant accounting policies(SSAP) is a section of the footnotes that accompany an organization's financial statements, describing the choices of acceptable accounting principles employed by the management.

Some disclosures are commonly required in the SSAP and they include; the basis of consolidation, depreciation methods employed, amortization of intangible assets, costing method for inventory, recognition of profit on long-term construction contracts and recognition of revenue from franchising and leasing operations, but issuance of debt of equity is not required.

a

explanation:

reducti0n

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two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.