Which of the following statements is not true?
A) Consistency means using the same accounting principles from year to year within a company.
B) Faithful representation is the quality of information that gives assurance that all amounts reported are known with certainty.
C) Relevant accounting information must be capable of making a difference in a decision.
D) Accounting standards for private entities have four principal qualitative characteristics.
Correct Answer:
Verified
Q90: The information provided in the notes that
Q94: Under ASPE, the characteristic which ensures that
Q95: Accounting information is neutral if
A) it is
Q95: Qualitative characteristics associated with relevant accounting information
Q96: Which of the following is not an
Q98: Information that is prepared free from bias
Q99: Which of the following is a situation
Q100: At the time of acquisition, long-lived assets
Q101: Canadian GAAP allows private companies the choice
Q102: Which of the following is a situation
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