Explanation Which principle requires companies to disclose allsignificant information in their financialstatements?a) Consistency Principleb) Full Disclosure Principlec) Matching Principled) Revenue Recognition Principle

Explanation of Consistency Principle:The Consistency Principle requires that a company use the same…

Answered: Which principle requires companies to…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 10MC: Which of the following is the principle that a business must report any business activities that...

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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