In Countries Where There Are Requirements for Extensive Disclosures in Accounting

In countries where there are requirements for extensive disclosures in accounting reports,

A) accounting practice is designed to provide adequate information to investors and creditors.
B) accounting standards emphasize accounting for high inflation situations.
C) accounting information is prepared to meet the needs of governmental planners.
D) banks are the primary source of financing for companies.
E) the accounting focus is on recent market economy reforms.