Faithful representation is comprised of all of the following except
A)Verifiability
B)Completeness
C)Neutrality
D)Free from error

Name: Faithful representation is comprised of all of the following except A)Verifiability B)Completeness C)Neutrality D)Free from error
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Verifiability is not a component of faithful representation. Faithful representation includes completeness, neutrality, and being free from error. Verifiability is a separate enhancing qualitative characteristic of financial information.

Faithful Representation Is Comprised of All of the Following Except