Under Statement of Financial Accounting Concepts No

question 70

Short Answer

Under Statement of Financial Accounting Concepts No.2, representational faithfulness is an ingredient of the primary quality of $\begin{array}{llc} & \text { Reliability } & \text { Relevance } \\\text { a. } & \text { Yes } & \text { Yes } \\\text { b. } & \text { No } & \text { Yes } \\\text { c. } & \text { Yes } & \text { No } \\\text { d. } & \text { No } & \text { No }\end{array}$

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