Which of the Following Statements Is Not True

question 168

Multiple Choice

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 from 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 decision.

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Definitions:

Centration

The tendency, especially in young children, to focus on one aspect of a situation while neglecting others.

Sociocultural Perspective

An approach in psychology that examines how societal and cultural influences shape individual behavior, attitudes, and development.

Zone of Proximal Development

A concept in cognitive development theory referring to the difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Recognition Memory

The ability to identify a previously encountered stimulus.