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Which of the following is NOT true about Social Security?
Disclosure Rules
These are regulations requiring companies to provide full, fair, and timely Disclosure of financial statements and other significant information.
Comprehensive Income
Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to prepare and present financial statements in a consistent manner.
Financial Statements
Comprehensive reports that provide information about a company's financial performance and position, including its income statement, balance sheet, statement of cash flows, and statement of shareholder equity.
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