Which one of the following is NOT a presentation and disclosure objective?
A) completeness
B) rights and obligations
C) cutoff
D) classification

Question

Quizplus · Accepted Answer

Completeness, rights and obligations, and classification are all presentation and disclosure objectives in financial reporting. Cutoff, however, is not a presentation and disclosure objective, but rather a control objective related to the timing of transactions.

Which One of the Following Is NOT a Presentation and Disclosure