Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 73: E2-7i

Answer

Full disclosure principle

Work Step by Step

The full disclosure principle requires that all relevant information be included in reports, therefore enabling users to make more informed decisions. This is why all aspects of the bond are recorded.
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