Define the full disclosure principle.

Select one:a$.$ All information that affects the full understanding of a company's financial statements must be included.b$.$ Transactions should be recorded on the basis of objective evidence where different people looking at the evidence would all arrive at the same conclusion.c$.$ Requires all items to be capitalized as assets except for when the cost of doing so would be more expensive or complicated than the transaction itself.d$.$ Where judgment is required, the least optimistic option should be selected. Which of the following is true about ASPE?

Select one:a$.$ ASPE is less costly and simpler to implement than IFRS.b$.$ Public corporations are required to report using ASPE only.c$.$ Private corporations are required to report using ASPE only.d$.$ ASPE is more comparable on a global scale than IFRS.