Which of the Following Statements Is not true

question 141

Multiple Choice

Which of the following statements is not true?

• A)Comparability means a company uses the same accounting principles from year to year.
• 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:

Tourists

Individuals who travel to places away from their usual environment for leisure, business, or other purposes, without intending to settle permanently.

Unending Choices

Refers to a situation or condition where an individual is faced with seemingly infinite options or decisions, often leading to indecision.

High Speeds

Refers to the capability of operating at a rapid rate of motion or action.

Civilization

Advanced stage of human social development and organization characterized by urban development, social stratification, and the use of written or recorded communication.