5. Why must companies disclose their significant accounting policies? a) Only if required by auditors b) To comply with tax regulations c) To fulfill full disclosure principle d) When changing accounting methods

5. Why must companies disclose their significant accounting policies? a) Only if required by auditors b) To comply with tax regulations c) To fulfill full disclosure principle d) When changing accounting methods

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 21GI: What accounting policies are disclosed in the notes accompanying a companys financial statements?...

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5. Why must companies disclose their significant
accounting policies?
a) Only if required by auditors
b) To comply with tax regulations
c) To fulfill full disclosure principle
d) When changing accounting methods

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