Which of the Following Is Not One of the Characteristics

question 44

Multiple Choice

Which of the following is not one of the characteristics discussed in Chapter 2 - Qualitative Characteristics of Useful Financial Information of the IASB's Framework for the Preparation of Financial Statements?

• A) Understandability
• B)Faithful representation
• C) Relevance
• D) Reliability

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Definitions:

Absorption

The process by which substances are taken up from the environment and enter the bloodstream or tissues.

Secretion

The process by which substances are produced and discharged from cells or glands for a particular function in the organism.

Epithelial

Pertaining to the epithelium, the layer of cells covering internal and external surfaces of the body, including skin, glands, and digestive tract lining.