Disclosure principle by accounting profession

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The full disclosure principle, as adopted by the accounting profession, is best described by which of the following?

o All information related to an entity's business and operating objectives is required to be disclosed in the financial statements.

o Information about each account balance appearing in the financial statements is to be included in the notes to the financial statements.

o Enough information should be disclosed in the financial statements so a person wishing to invest in the stock of the company can make a profitable decision.

o Disclosure of any financial facts significant enough to influence the judgment of an informed reader.

Reference no: EM13134852

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