Which of the following statements is not true?
A) Comparability 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 it is free of error.
C) Relevant accounting information must be capable of making a difference in the decision.
D) The primary objective of financial reporting is to provide financial information that is useful to investors and creditors for making decisions.
Correct Answer:
Verified
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A)
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