________ requires that financial statements include not only numbers,but also management's interpretations and explanations of those figures.

Question

Quizplus · Accepted Answer

Full disclosure is the principle that requires financial statements to include all necessary information for a reader to fully understand the financial position and performance of the company. This includes not only numerical data but also management's insights, interpretations, and explanations of those figures. The other answer choices do not specifically relate to the inclusion of management's interpretations in financial statements.

________ Requires That Financial Statements Include Not Only Numbers,but Also