The operations of a resource companys oil sands operations results in environmental damage. While the extent of the damage cannot be determined at this time, the situation is disclosed in its financial statements. This best demonstrates
A. the application of professional judgement.
B. the full disclosure principle.
C. representational faithfulness.
D. good management stewardship.
Answer:B
The operations of a resource companys oil sands operations results in environmental damage. While the extent of the damage cannot be determined at this time, the situation is disclosed in its financial statements. This best demonstrates
A. the application of professional judgement. B. the full disclosure principle. C. representational faithfulness. D. good management stewardship.