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The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance on when a company must recognize revenue. Prescribes that a company report
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The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance on when a company must recognize revenue. Prescribes that a company report the details behind financial statements that would impact users' decisions. 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.

User DanDan
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19 votes
19 votes

Answer:

Prescribes that a company report the details behind financial statements that would impact users' decision

Step-by-step explanation:

The Full Disclosure Principle refers that the information i.e. relevant and significant for understanding the financial statement of the company should be involved at the time of filing in the public company

Also it reports the information behind the financial statement that have an effect on the decision of the users

Therefore the above statement represent an answer

User Tanisa
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