Which of the following is not a true statement?
A) Comparability refers to accounting for similar transactions similarly and different circumstances differently.
B) Comparability refers to comparing alternatives in order to make a decision.
C) Comparability is an inherent quality of accounting numbers in the same sense that relevance and reliability are.
D) Uniformity influences comparability.
Correct Answer:
Verified
Q18: In accounting, we presume that if rigid
Q19: Rigid uniformity has been formulated as an
Q20: Transactions are economic or financial events that
Q21: The term "present magnitudes" refers to:
A)conditions known
Q22: The requirement by SFAS No. 2 that
Q24: An organized disclosure policy that includes "bad
Q25: Prescribing one method for generally similar transactions
Q26: Which of the following is
Q27: Which of the following is a true
Q28: Signalling theory appears to be inconsistent with
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