Series 79 practice questionmediumRegulatory Disclosures
Under SEC Regulation S-X, which of the following must be disclosed separately in a company’s financial statements?
- AOrdinary payroll expenses
- BInterest income and interest expense✓ Correct answer
- CInventory turnover
- DGrowth in market share
Explanation
Why B — Interest income and interest expense
Regulation S-X requires separate disclosure of interest income and expense. Payroll expenses may be aggregated, inventory turnover and market share are not required line items.
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