Select the response that completes the following statement correctly The full disclosure principle dictates that (a) Financial statements should disclose all assets at their cost (b) Financial statements should disclose only those events that can be measured in currency (c) Financial statements sho...

c Financial statement discloses every event that would matter to users ...

Select the response that completes the following statement correctly. The full disclosure principle dictates that: (a) Financial

Question:

Select the response that completes the following statement correctly. The full disclosure principle dictates that:
(a) should disclose all assets at their cost.
(b) should disclose only those events that can be measured in currency.
(c) should disclose all events and circumstances that would matter to users of should not be relied on unless an auditor has expressed an unqualified opinion on them.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...