Match the descriptions with their terms :
-The extent that information presented represents the economic phenomena without bias or material error and has been prepared with appropriate recognition and measurement methods.
A) Resource providers
B) Materiality
C) Assets
D) SAC 8
E) Full disclosure principle
F) Cost
G) A conceptual framework
H) Verifiability
I) The Conceptual Framework
J) The Framework
K) Losses
L) Contingent liabilities

Question

Match the descriptions with their terms :
-The extent that information presented represents the economic phenomena without bias or material error and has been prepared with appropriate recognition and measurement methods.
A) Resource providers
B) Materiality
C) Assets
D) SAC 8
E) Full disclosure principle 
F) Cost
G) A conceptual framework
H) Verifiability
I) The Conceptual Framework
J) The Framework
K) Losses
L) Contingent liabilities

Quizplus · Accepted Answer

Verifiability is the extent to which information presented represents the economic phenomena without bias or material error and has been prepared with appropriate recognition and measurement methods.

Match the Descriptions with Their Terms