During a major renovation project of its head office, a worker was seriously injured. While the company believes that it was not at fault, it does include the incident in the notes to its financial statements. This is consistent with the
A. full disclosure principle.
B. periodicity assumption.
C. going concern assumption.
D. economic entity assumption.
Answer:A
During a major renovation project of its head office, a worker was seriously injured. While the company believes that it was not at fault, it does include the incident in the notes to its financial statements. This is consistent with the
A. full disclosure principle. B. periodicity assumption. C. going concern assumption. D. economic entity assumption.