Which of the Following Statements Is Not True

question 71

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 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:

Conformists

Individuals who comply with established standards, rules, or laws, often in order to fit in with a group.

Cooperation

The process of groups or individuals working together to achieve common goals or outcomes.

Reliability

The degree to which a measure or test produces consistent results over time under similar conditions.

Validity

The extent to which a test, measurement, or research study accurately represents what it intends to measure, without bias or error.