Which of the following is a true statement?
a. Disclosure is concerned with information in the financial statements as well as information in the footnotes, management’s discussion and analysis, financial and operating forecasts, and other supplementary communications.
b. Disclosure is concerned with information in the financial statements only.
c. Disclosure is concerned with information in the footnotes only.
d. Disclosure is concerned with information in the financial statements and all supplementary communications except financial and operating forecasts.
ANSWER: A
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Indicate whether the statement is true or false
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