Business
Business, 01.03.2021 19:40, JDKozlova

The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Prescribes that a company record the expenses it incurred to generate the revenue reported. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. Prescribes that a company report the details behind financial statements that would impact users' decisions. Provides guidance on when a company must recognize revenue.

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