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Financial Reporting MCQs

The full disclosure principle indicates...

a company must disclose all pertininant information in regards to the financial statement which would affect an investor's decision

when the cost of something matches up with the accounting information on the balance sheet

when a company will record its revenue

that a company must declare its expenses and revenues together in the same period

Answer

Correct Answer: a company must disclose all pertininant information in regards to the financial statement which would affect an investor's decision

Explanation:

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