Question $4(4$ points$)$

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The full disclosure principle:

Prescribes that accounting information is based on actual cost.

Provides guidance on when a company must recognize revenue.

Prescribes that a company report the details behind financial statements that would impact users' decisions.

Prescribes that a company record the expenses it incurred to generate the revenue reported.

Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.