Representational Faithfulness Is a Relationship Between the Reported Accounting Measurements

Representational faithfulness is a relationship between the reported accounting measurements or descriptions and the economic resources, obligations, and the transactions and events causing changes in these items.This is important because the

A) bias associated with financial measurements can be reduced
B) validity of accounting data is an important economic resource
C) accounting information is relevant for all decisions
D) financial information is faithfully reported in the accounting records