Which of the following statements regarding the information disclosed in financial statements is not true?
A. Financial statements should be detailed enough to answer any financial-related question an investor might have.
B. The costs of providing all possible information about a firm would be prohibitively high for the business.
C. When too much information is presented users may suffer from information overload.
D. Some information disclosed in financial statements may be irrelevant to some users.
Answer: A
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