The Principle That Requires Companies to Include Notes to Their

question 19

Multiple Choice

The principle that requires companies to include notes to their financial statements is the:

• A)full disclosure principle.
• B)going-concern principle.
• C)cost-benefit principle.
• D)historical cost principle.

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Definitions:

Policy-Making

is the process by which governments, organizations, or other groups develop and implement rules, laws, or guidelines to govern or guide behavior.

Avoid Conflict

the practice of evading confrontations or disputes to maintain harmony or prevent escalation.

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives.

Group Consensus

A collective agreement or shared understanding reached by a group, typically after discussion and consideration of various perspectives.