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:

Contract

A legally binding agreement between parties.

Culture

The ideas, customs, and social behavior of a particular people or society.

Nonverbal Communication

Interaction that occurs without words, utilizing methods such as physical gestures and facial expressions to express feelings and convey messages.

Attitudes

Attitudes are settled ways of thinking or feeling about something, typically reflected in a person's behavior.