Which accounting convention could cause an overload of information for the financial statement user?
A)Consistency
B)Conservatism
C)Full disclosure
D)Materiality

Question

Quizplus · Accepted Answer

The full disclosure principle in accounting means that all information and footnotes necessary for understanding a company's financial position and performance must be included in financial statements. This can sometimes lead to an overload of information, making it difficult for users to sift through and understand the key points.

Which Accounting Convention Could Cause an Overload of Information for the Financial