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Generally accepted accounting principles include detailed particles and procedures as well as broad guidelines of general application are influenced by of the SEC and IRS change over time as the nature of the business environment changes According to statement of financial accounting concepts no. 2 timeliness is an ingredient of the primary quality of Which of the following elements of finical statements is not a component of comprehensive income? revenues distributions to owners losses expenses Applications of the full disclosure principle Applications of the full disclosure principle is theoretically desirable but not practical because the costs of complete disclosure exceed the benefits is violated when important financial information is buried in the notes to the financial statements is demonstrated by the use of supplementary information presenting the effects of changing prices requires that the financial statements be consistent and comparable Which of