Listed are five items that may or may not require disclosure
in the notes that accompany financial statements:
a.) Mandella Construction Co. uses the
percentage-of-completion method to recognize revenue on long-term
construction contracts. This is one of two acceptable methods of
accounting for such projects. Over the life of the project, both
methods produce the same overall results, but the annual results
may differ substantially.
b.) One of the most popular artists at Spectacular Comics is
leaving the company and...