WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 12 Topic 2 Discussion

WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 12 Topic 2 Discussion

T7 Exam Topic 2 Question 12 Discussion:
Question #: 12
Topic #: 2

A US-based company reports information about pending lawsuits in the notes to its financial statements. This is an example of which basic principle of accounting?


A.

Full disclosure


B.

Expense recognition


C.

Going concern


D.

Constraints


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