A new shareholder of a small company is concerned about being able to adequately monitor their investment and has asked management to provide them with weekly financial statements.From the company's point of view this would violate which of the following concepts?
A)Privacy
B)Reliability
C)IFRS
D)Cost/benefit trade-off

Question

Quizplus · Accepted Answer

The request for weekly financial statements would involve additional costs for the company for the preparation and dissemination of the statements. The company would need to weigh the cost/benefit trade-off of fulfilling this request. It does not violate privacy or IFRS, and reliability is not directly related to this situation.

A New Shareholder of a Small Company Is Concerned About