Asked by LaQuasha Coles on Jun 10, 2024
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The cost-benefit constraint prescribes that only information with benefits of disclosure less than the costs of providing it,need be disclosed.
Cost-benefit Constraint
A principle that considers whether the cost of implementing a decision outweighs the benefits derived from it.
Disclosure
The process of making essential financial information known to shareholders, regulators, and the public.
Benefits
Various forms of value, such as health insurance and retirement plans, provided to employees in addition to their salaries.
- Grasp the basic principles and assumptions underlying financial accounting.
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Learning Objectives
- Grasp the basic principles and assumptions underlying financial accounting.
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