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  • Moving on, let's talk about full disclosure, Emily this one is all yours. -teacher
  • wow.... she really knows her stuff.
  • Okay, well the full disclosure principle requires a company to provide important information so investors or lenders who read the financial information can be aware of the financial health of a company. -emily
  • Good job KJ! You win the balcony hotel room! You have really been paying attention in class! everyone else did a great job too -teacher
  • This is when the assets are recorded at the cash amount at the time that an asset is acquired -Kj
  • I am so proud of you all! You all had some great answers however there could be only one winner.... so last but not least... who can explain the cost principle?
  • Are you serious? did we even learn this?
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