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:

Personality Assessment Technique

Methods or tools used to evaluate individual personality traits, characteristics, and patterns of behavior.

Observations

The act of noticing and recording something, often used in research or clinical settings to gather data.

Interviews

A method of gathering information through direct conversation, often used for research, assessment, or employment selection.

Case Notes

Detailed written records maintained by healthcare professionals, social workers, or other practitioners about the care, services, or therapy provided to a client.