Which of the following statements is NOT true?
a) In theory, a given piece of data should only be required to be disclosed by companies if the benefits of disclosing it exceed the costs of doing so.
b) Publicly-traded companies are required to disclose more information than just their financial statements and the notes to those statements.
c) Bit; GAAP refers to GAAP that applies to large public companies, while little GAAP refers to GAAP that applies only to small or non-public companies.
d) Common notes to the financial statements include notes having to do with Inventory, Property plant