The full disclosure principle, as adopted by the accounting profession, is best described by which of the following?
A. All information related to an entity's business and operating objectives is required to be disclosed in the financial statements.
B. Information about each account balance appearing in the financial statements is to be included in the notes to the financial statements.
C. Enough information should be disclosed in the financial statements so a person wishing to invest in the stock of the company can make a profitable decision.
D. Disclosure of any financial facts significant enough to influence the judgment of an informed reader.
Ans: D. Disclosure of any financial facts significant enough to influence the judgment of an informed reader.
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How did the legislature define whether a "copy" was created when addressing copyrighted materials and the Internet?
A) A work was officially copied when it was downloaded into a computer's memory or RAM. B) A work was officially copied when it was emailed to another person. C) A work was officially copied when it was viewed on a person's computer screen. D) A work was officially copied when it was hosted on a file-sharing Web host.
Nonunion employees typically receive greater benefits than union members
Indicate whether the statement is true or false.