The Accounting Principle That Requires Financial Statements (Including Notes) to Report

question 92

Multiple Choice

The accounting principle that requires financial statements (including notes) to report all relevant information about the operations and financial condition of a company is called:

• A) Relevance.
• B) Full disclosure.
• C) Evaluation.
• D) Materiality.
• E) Matching.

---

Definitions:

Interaction

The reciprocal action or influence between entities, leading to a continuous process of engagement and response.

Human Chromosome

A thread-like structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Thousands of Genes

Refers to the vast number of genes in the human genome that contribute to the complexity of biological traits and behaviors.

Pairs

Two items, individuals, or elements that are associated with each other or function together.