In the first week of December 2016, Elisa Company signs a major contract to develop an accounting information system for Edward No work is begun the current year, yet the notes to the financial statements discuss the nature and peso amount of the contract. This is an example of: completeness or full disclosure historical cost conservatism relevance

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. In the first week of December 2016, Elisa Company signs a major contract to develop an accounting information system for Edward No work is begun the current year, yet the notes to the financial statements discuss the nature and peso amount of the contract. This is an example of:
    • completeness or full disclosure
    • historical cost
    • conservatism
    • relevance
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