Which of the following requires managers to share information about events inside the company and explain certain transaction?
A) Earning cycle reports
B) Revenue recognition
C) Statement of cash flow
D) Solvency ratios
E) Full disclosure
Answer: E
Explanation: E) The idea of requiring input from the manager is known as the full disclosure principle. Because they know about events inside the company, managers prepare additional information to explain certain events or transactions or to disclose the circumstances behind certain results.
You might also like to view...
What is a product-feature specialist?
What will be an ideal response?
Where do you enter the "hypothesized value" in XL Data Analyst to test a hypothesis about an average?
A) Hypothesized Value box B) Hypo Val box C) Hypothesized Average box D) Hypothesized Data box E) None of the above; XL Data Analyst does not test hypotheses for percentages.