Which of the Following States That a Business Must Report

question 1

Multiple Choice

Which of the following states that a business must report enough information for outsiders to make knowledgeable decisions about the company?

• A) Accounting conservatism
• B) Materiality concept
• C) Disclosure principle
• D) Consistency principle

---

Definitions:

Infant

A very young child, especially one newly or recently born.

Maturation

The process of maturing or reaching full development, often referring to natural growth and development processes in organisms.

Psychological Changes

Alterations in behavior, thought, or emotion that occur over time in an individual.

Depth Perception

The ability to perceive the world in three dimensions.