The Accounting Principle That Relates to More, Rather Than Less

question 13

Multiple Choice

The accounting principle that relates to more, rather than less, extensive footnotes in reports is known as ________.

• A)secrecy
• B)measurement
• C)conservatism
• D)transparency

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Definitions:

Common Resource

A resource that is nonexcludable and rival in consumption.

Super Bowl

The annual championship game of the National Football League (NFL), watched by millions worldwide.

Public Park

An area of natural, semi-natural, or planted space set aside for human enjoyment and recreation or for the protection of wildlife or natural habitats.

Nonexcludable

Referring to a good, describes the case in which the supplier cannot prevent those who do not pay from consuming the good.