Which of the Following Statements Is Not True

question 69

Multiple Choice

Which of the following statements is not true?

• A)Comparability means using different accounting principles from year to year within a company.
• B)Faithful representation means information must be neutral, complete, and free from material error.
• C)Relevant accounting information must be capable of making a difference in a user's decision.
• D)For accounting information to be relevant, it must have timeliness.

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Definitions:

Sketch Graph

The process of roughly drawing a graph to represent a mathematical function or data set visually, highlighting its main features without precise calculations.

Slope

The measure of the steepness or incline of a line, defined as the ratio of the vertical change to the horizontal change between two points on the line.

Line

In geometry, a line is an infinitely extending one-dimensional figure that has no thickness and extends forever in both directions.

Projected Number

An estimate or forecast of a future number based on current trends or data.