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.