Option A
A new accounting principle can be adopted with stockholders' approval is not true of accounting principles
Explanation:
Accounting principles are the dictates and guidelines that firms must comprehend when describing financial data. The Financial Accounting Standards Board (FASB) publishes a regulated collection of accounting principles in the U.S. applied to as generally accepted accounting principles (GAAP). GAAP strives to develop the accuracy, flexibility, and comparability of the presentation of financial information.
Since accounting principles vary beyond the world, investors should practice discretion when associating the financial statements of organizations from various countries. Accounting principles help dictate the world of accounting according to prevailing dictates and guidelines.
