Examlex
The needs principle refers to ______.
Financial Information
Financial information encompasses all the data concerning the financial status, performance, and changes in financial position of an entity, useful for making economic decisions.
Full Disclosure
An accounting principle that mandates the reporting of all relevant financial information in the company's financial statements that might affect a reader's understanding of those statements.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, representing the owners' share.
Land
A fixed asset that represents property; it is considered a non-depreciable asset used in operations or investment.
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