The Disclosure Principle Requires That Management Prepare Financial Reports That

question 49

Multiple Choice

The disclosure principle requires that management prepare financial reports that disclose all of the following types of information except:

• A) the method of inventory costing used
• B) forecasts of expected future earnings to help investors decide whether to invest in the company
• C) information that facilitates comparison with other companies' financial reports
• D) information that is relevant to decision making

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Definitions:

Client-Centered Therapy

A humanistic therapy, developed by Carl Rogers, in which the therapist uses techniques such as active listening within an accepting, genuine, empathic environment to facilitate clients’ growth. (Also called person-centered therapy.)

Cognitive Therapy

A form of psychotherapy that emphasizes the identification and modification of dysfunctional thinking patterns to alter emotions and behavior.

Systematic Desensitization

A type of exposure therapy that associates a pleasant relaxed state with gradually increasing anxiety-triggering stimuli. Commonly used to treat phobias.

Counterconditioning

A behavior therapy technique that involves replacing an unwanted or negative response to a stimulus with a positive one.