You recently joined the auditing staff of Best, Best, and Krug, CPAs. You have been assigned to the audit of Clearview, Inc., and have been asked by the audit senior to examine the balance sheet prepared by Clearview's accountant.

Required:
Identify the items in the statement that most likely would require further disclosure either on the face of the statement or in a note. Further identify those items that would require disclosure in the significant accounting policies note.

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CLEARVIEW, INC. Balance Sheet At December 31, 2018 ($ in millions) Assets Current assets: Cash Accounts receivable Inventories Prepaid expenses 10.5 112.1 220.6 5.5 348.7 22.0 486.9 $857.6 Total current assets Investments Property, plant, and equipment, net Total assets Liablities and Shareholders' Equlty Current liabilities: $83.5 25.5 20.0 129.0 420.0 549.0 Accounts payable Accrued taxes and interest Current maturities of long-term debt Total current liabilities Long-term liabilities: Total liabilities Shareholders' equity $100.0 208.6 Common stock Retained earnings Total shareholders' equity 308.6 $857.6 Total liabilities and shareholders' equity