Question & Answer: Which of the following items should be included in Melay, Inc.’s summary of significant accounting policies…..

Which of the following items should be included in Melay, Inc.’s summary of significant accounting policies for the current year?  A.Operating segment sales for the current year are Alay $1M, Belay $2M, and Celay $3M. B.Future common share dividends are expected to approximate 60% of earnings. C.Property, plant, and equipment is recorded at cost with depreciation computed principally by the straight-line method. D.During the current year, the Delay Segment was sold.