The full disclosure principle:
A. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
B. Prescribes that accounting information is based on actual cost.
C. Prescribes that a company record the expenses it incurred to generate the revenue reported.
D. Prescribes that a company report the details behind financial statements that would impact users' decisions.
E. Provides guidance on when a company must recognize revenue.
Answer: D
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Internal benchmarking is discouraged in most organizations because it creates competition and internal rivalries that are counterproductive.
Answer the following statement true (T) or false (F)
Edelman, Inc provides the following information for 2017
Net income $190,000 Market price per share of common stock $20.00/share Dividends paid $2.00/share Common stock outstanding at Jan. 1, 2017 140,000 shares Common stock outstanding at Dec. 31, 2017 180,000 shares The company has no preferred stock outstanding. Calculate the dividend payout ratio. (Round any intermediate calculations and your final answer to two decimal places.) A) 147.06% B) 0.63% C) 20.00% D) 168.07%
2/15 net 45 translates as 2 percent of the balance is due in 15 days; the remaining balance is due in 45 days
Indicate whether the statement is true or false
________ are people who apply for a vacancy without prompting from the organization.
A. Referrals B. Internal employees C. Direct applicants D. Poached employees E. Virtual employees