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:

Curare

A plant extract used historically as a poison on arrows and darts, which acts by causing paralysis.

Acetylcholine

A neurotransmitter in the nervous system that plays a crucial role in muscle activation and memory formation.

Antagonist

In pharmacology, a substance that blocks or dampens a biological response by binding to and inhibiting the effect of an agonist (the substance that would normally induce that response).

Receptor Sites

Specific locations on the surface of a cell or within the central nervous system where neurotransmitters bind to trigger a response.