Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footnotes) to report all relevant information?
A) Relevance.
B) Expense recognition (matching).
C) Full disclosure.
D) Evaluation.
E) Materiality.

Question

Quizplus · Accepted Answer

The principle of full disclosure requires financial statements to report all relevant information, which includes the details of notes.

Reporting the Details of Notes Is Consistent with Which Accounting