Which of the following statements concerning the cost-benefit relationship is not true?
A) Business reporting should exclude information outside of management's expertise.
B) Management should not be required to report information that would significantly harm the company's competitive position.
C) Management should not be required to provide forecasted financial information.
D) If needed by financial statement users, management should gather information not included in the financial statements that would not otherwise be gathered for internal use.
Correct Answer:
Verified
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