Lack of information about accounting methods used, operating segments, and interim financial results is a problem of:
A)disclosure.
B)relevance.
C)comparability.
D)format.

Question

Quizplus · Accepted Answer

The lack of information about accounting methods, operating segments, and interim financial results is a problem of disclosure. Disclosure refers to the process of providing reliable and relevant financial information about a company's operations and financial position to users of financial statements. Without adequate disclosure, users may have difficulty understanding the company's financial performance and making informed decisions about investing in the company.

Lack of Information About Accounting Methods Used, Operating Segments, and Interim