Which of the following statements best describes the full disclosure principle? Companies may use the cash-basis of accountingin the financial statements, as long as accrual-basis amounts are disclosed in the notes to the financial statements. Publicly traded companies should provide a balance sheet, income statement, statement of cash flows, and statement of owners' equity. Companies provide information that is of sufficient importance to influence the judgment and decisions of an informed user. To be recognized in the main body of financial statements, an item should be measurable with sufficient certainty, and be relevant and reliable.