Which of the Following Statements Regarding the Information Disclosed in Financial

Multiple Choice

Which of the following statements regarding the information disclosed in financial statements is not true?

A) The costs of providing all possible information about a firm would be prohibitively high for the business.
B) Some information disclosed in financial statements may be irrelevant to some users.
C) Financial statements should be detailed enough to answer any financial-related question an investor might have.
D) When too much information is presented users may suffer from information overload.