Which statement provides the most complete description of the use of both qualitative and quantitative disclosures in the notes?

Which statement provides the most complete description of the use of both qualitative and quantitative disclosures in the notes?

• A. Only qualitative disclosures about insurance reserves
• B. Only quantitative disclosures about cash flows
• C. Quantitative and qualitative disclosures elaborating on elements from the statements
• D. A narrative summary of the company’s earnings only

Answer: (D)