Question: Time left 0 : 3 5 : 2 4 The full disclosure principle, as adopted by the accounting profession, is best described by which of
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The full disclosure principle, as adopted by the accounting profession, is best described by which of the following?
a Disclosure of any financial facts significant enough to influence the judgment of an informed reader.
b All information related to an entity's business and operating objectives is required to be disclosed in the financial statements.
c Enough information should be disclosed in the financial statements so a person wishing to invest in the stock of the company can make a profitable decision.
d Information about each account balance appearing in the financial statements is to be included in the notes to the financial statements.
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