If accounting information is considered to have faithful representation,then which of the following is true?
A) The information represents to users what it claims to represent.
B) The information follows conservatism principles and is also material.
C) The information is considered pertinent to or affects decisions.
D) The information will have predictive value,feedback value,and is timely.
Correct Answer:
Verified
Q80: If total change in cash = $44,000,net
Q81: The conceptual framework's qualitative characteristic of faithful
Q82: Primary qualitative characteristics of accounting information are:
A)Relevance
Q83: Of the following,the most important objective for
Q84: The International Accounting Standards Board:
A)Is governed by
Q86: The conceptual framework's qualitative characteristic of relevance
Q87: Constraints on qualitative characteristics of accounting information
Q88: The qualitative characteristic that says accounting information
Q89: Accounting information that does not provide measurement
Q90: The assumption that the assets and liabilities
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