The information provided in the notes that accompany financial statements is required because of the
A) cost principle.
B) full disclosure principle.
C) matching principle.
D) revenue recognition principle.

Question

Quizplus · Accepted Answer

The full disclosure principle requires that all relevant and necessary information for the understanding of a company's financial statements is disclosed, ensuring that users of the financial statements have a complete picture of the company's financial health and operations.

The Information Provided in the Notes That Accompany Financial Statements