Companies disclose a detailed listing and description of each significant debt issue, including the names of significant creditors

Which of the following leases would be required to be in writing to be enforceable?

A. A lease for more than one year. B.A lease for one year or less/ C. A lease for three months. D. A lease six months.

If a material accounting error was made in a prior year, that error:

A. Should be reflected on the current year's income statement. B. Should be reflected, net of taxes, on the retained earnings statement. C. Should be reflected as a change in accounting principle. D. Should be considered as an extraordinary item, and shown, net of taxes, on the income statement.