Which of the following statements is false?
A)An item considered immaterial can be accounted for in the most cost-beneficial manner.
B)An item is considered relevant if it has the ability to influence a decision.
C)Information is considered to be reliable when it is accurate, unbiased, and verifiable.
D)Conservatism suggests that assets and revenues should be overstated when possible.

Question

Quizplus · Accepted Answer

Conservatism suggests that care should be taken not to overstate assets and revenues or understate liabilities and expenses.

Which of the Following Statements Is False