SFAC No. 5 Defines Disclosure As

question 1

Multiple Choice

SFAC No. 5 defines disclosure as:

• A)presentation of information in the financial statements.
• B)presentation of information by means other than recognition in the financial statements.
• C)recognition of information in the financial statements or footnotes.
• D)presentation of information in any source available.

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Definitions:

Geometric Average Rate

The average rate of return that accounts for compounding over a specified time period.

Stock

A type of investment that represents ownership in a corporation, giving the holder a claim on part of the corporation's assets and profits.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points.

Population

A group of individuals, items, or data from which a statistical sample can be drawn for analysis.