Which principle requires companies to disclose all significant information in their financial statements? a) Consistency Principle b) Full Disclosure Principle c) Matching Principle d) Revenue Recognition Principle

Which principle requires companies to disclose all significant information in their financial statements? a) Consistency Principle b) Full Disclosure Principle c) Matching Principle d) Revenue Recognition Principle

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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Question

Explanation

Which principle requires companies to disclose all
significant information in their financial
statements?
a) Consistency Principle
b) Full Disclosure Principle
c) Matching Principle
d) Revenue Recognition Principle

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