Which of the Following Statements Is not True

question 157

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 of 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 decisions.

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Definitions:

Adolescents

Individuals in the stage of development between childhood and adulthood, typically experiencing significant physical, emotional, and social changes.

Mass Media

Refers to varied forms of media technologies intended to reach a large audience through mass communication, including newspapers, television, and the internet.

Two-factor Theory

A psychological theory suggesting that emotional experiences arise from a combination of a state of physiological arousal and a cognitive interpretation of that arousal.

Cognitive Label

A cognitive label is a mental categorization of information or experiences, such as emotions or objects, that helps individuals organize and interpret their environment.