Which of the Following Statements Is Not True

question 204

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 decisions.

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Definitions:

Erikson

Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on psychological development of human beings.

Social World

The domain of human interaction and relationships, encompassing various social structures, cultures, and communities.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Psychosexual Stages

A Freudian concept involving a series of early childhood stages in which the libido's energies focus on distinct erogenous zones.