QUESTION 3 2 points Save Answer The full disclosure principle: a. requires that all expenses incurred in generating a certain revenue be recorded in the period the revenue is earned even if the expense has not yet been paid. b. separates the dealings of a business from the private dealings of its owners. c. requires that all potential events that could impact a company's financial position or operating results be clearly reflected on the company's financial statements or footnotes attached to the financial statements. cl. states that if a revenue or expense is significant, it should have its own account on the income statement. QUESTION 4 2 points Save Answer The income statement presents: a. revenues, assets, liabilities, capital expenses, and profit. b. assets, operating expenses, liabilities, and equity. c. revenues, operating expenses, capital expenses, and profit or loss. (1. assets, liabilities, capital expenses, and equity