Final answer:
Yes, exit or disposal activities are required to be disclosed in the notes to the financial statements to inform stakeholders about the implications and financial impact of such activities.
Step-by-step explanation:
True, exit or disposal activities must be disclosed in the notes to the financial statements (FS). According to accounting standards, such as the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP), companies are required to provide disclosures about exit or disposal activities including details such as the reason for the disposal, the description of the assets to be disposed, any associated liabilities, the financial effects and timing of the activity. These disclosures provide valuable information about the impact of these activities on the company's financial position and performance.