D is corrent. The requirement is to identify the item that must be included in the summary of significant accounting policies. According to ASC Topic 235, revenue recognition policies are included in the summary of significant accounting policies in the notes to the financial statements.
A is incorrect because, although it may be included in the notes to financial statements, it is not considered a significant accounting policy.
A is incorrect because, although it may be included in the notes to financial statements, it is not considered a significant accounting policy.
A is incorrect because, although it may be included in the notes to financial statements, it is not considered a significant accounting policy.
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