The full disclosure principle:

A. Prescribes that a company report the details behind financial statements that would impact users' decisions.
B. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
C. Prescribes that accounting information is based on actual cost.
D. Prescribes that a company record the expenses it incurred to generate the revenue reported.
E. Provides guidance on when a company must recognize revenue.


Answer: A

Business

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