Which of the following is true about financial statement disclosure?
A)When account balances are aggregated, the analyst has the greatest amount of information.
B)The amount and types of financial statement disclosure vary widely from one country to another.
C)The concept of full disclosure has been universally adopted around the world.
D)An analyst can always disaggregate financial statement disclosures to obtain needed information.

Question

Quizplus · Accepted Answer

The amount and types of financial statement disclosure vary widely from one country to another. Different countries have different regulations regarding financial statement disclosures, and some may require more or less disclosure than others. This can make it challenging for analysts to compare companies across different countries.

Which of the Following Is True About Financial Statement Disclosure