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The Full Disclosure Principle

Question 76

Multiple Choice

The full disclosure principle:


A) States that personal contact and financial information for each member of senior management for the company be disclosed.
B) Requires that company maintain a record of activities separate from the economic and personal activities of its owners.
C) Requires that a business disclose all significant financial facts and circumstances in a company's annual report.
D) States that sales revenue should be recorded when services are performed or goods are sold.
E) None of the above

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