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Which Statement Best Explains the Qualitative Characteristic of "Completeness

Question 33

Multiple Choice

Which statement best explains the qualitative characteristic of "completeness"?


A) Financial statements should represent the underlying transactions, assets and liabilities.
B) Omission of financial information that would influence a user's economic decision.
C) Financial information should not contain errors or bias.
D) Financial statements should not omit material items or transactions.

Correct Answer:

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