Which of the following statements concerning financial statement presentation is false?
Which of the following statements regarding the presentation of financial statements is false?
a. Intangible assets are reported separately under Intangible Assets.
b. The balances of major classes of assets may be disclosed in the footnotes.
c. The balances of accumulated depreciation for major classes of assets may be disclosed in the footnotes.
d. The balances of all individual assets, as they appear in the subsidiary plant ledger, should be disclosed in the footnotes.
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