Ask Question
BusinessBusiness
3 December, 23:03

Which principle would a company be violating if it withheld information that would make a difference to users of financial statements

+4
Answers (1)
  1. 4 December, 01:18
    0
    The correct answer to the following question will be "Full Disclosure Principle".

    Explanation:

    The idea of full disclosure is a rule that allows a corporation to disclose to any person who is used to reading such material the necessary information about its financial statements and other related information. It states that almost all information would be included in the financial reports (profit and loss account and balance sheet) of an entity that would provide investor's knowledge about the yearly financial position of a firm. The understanding of this concept is extremely judgmental, as the amount of information that could be distributed is potentially significant.

    Therefore, this type of principle is highly used by firms.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which principle would a company be violating if it withheld information that would make a difference to users of financial statements ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Explain on how the media can influence public opinion of sports personalities in both a positive and a negative way ...
Answers (1)
In 2012, COBIT 5.0 was released to the public. This version of COBIT was a departure from other frameworks in that it put emphasis on what enables processes to work well; COBIT calls these process enablers. A. TrueB. False
Answers (2)
Michael is an Internet service provider. On December 31, 2014, he bought an existing business with servers and a building worth $400,000. During 2015, his business grew and he bought new servers for $500,000.
Answers (1)
Lorenzo Company uses a job order costing system that charges overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory account shows the following. Date Explanation Debit Credit Balance 2017 Dec.
Answers (1)
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank in Tokyo. The current spot rate is ¥116/$1.00 and the one year forward rate is ¥109/$1.00.
Answers (1)
New Questions in Business
marilyn has an investment that has a potential of a high rate of return. why is it that her investment probably also has a high-risk possibility?
Answers (1)
Pell is the principal and Astor is the agent in an agency coupled with an interest. In the absence of a contractual provision relating to the duration of the agency, who has the right to terminate the agency before the interest has expired? A.
Answers (1)
How could I study and prepare myself for my ged test all subjects
Answers (1)
The demand and supply of labor are determined in the labor market. true or false
Answers (2)
Davidson Software Technologies believes in hiring only the best programmers in the industry. As a result, it uses a comprehensive hiring process that involves testing and interviewing dozens of highly qualified professionals before hiring.
Answers (2)
Home » Business » Which principle would a company be violating if it withheld information that would make a difference to users of financial statements
Sign Up Forgot Password?