Making notes in the financial statements to explain the justification of valuation changes and other financial decisions would be an example of:

Question

Quizplus · Accepted Answer

Full disclosure requires companies to provide all necessary information that is relevant to investors and stakeholders. Making notes in the financial statements to explain the justification of valuation changes and other financial decisions is an example of full disclosure. This ensures that investors have access to all the relevant information to make informed decisions.

Making Notes in the Financial Statements to Explain the Justification