There still remain problems when accounting policies are disclosed for choices made among acceptable alternatives.All of the following are problems except:
A)The disclosure is specific, but the numerical information is missing.
B)Some industries do not have to disclose accounting policies.
C)There is no disclosure of crucial policies, such as revenue recognition.
D)Disclosure is generally too vague to be of use without additional information.

Question

Quizplus · Accepted Answer

Industries do not have exemptions from disclosing accounting policies; all publicly traded companies are required to disclose their accounting policies as part of their financial reporting obligations. This ensures transparency and comparability among companies.

There Still Remain Problems When Accounting Policies Are Disclosed for Choices