Which Statement Best Explains the Qualitative Characteristic of "Completeness

question 2

Multiple Choice

Which statement best explains the qualitative characteristic of "completeness"?

• A)Financial statements should represent the underlying transactions, assets and liabilities.
• B)Omission of financial information that would influence a user's economic decision.
• C)Financial information should not contain errors or bias.
• D)Financial statements should not omit material items or transactions.

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Definitions:

Neuroticism

A characteristic of personality marked by feelings of sorrow, temperamental behavior, and lack of emotional steadiness.

Regulating Emotions

The process of identifying, managing, and responding to one's own emotions in a healthy and productive way.

Phenotype

The collection of traits that can be seen in a person, which emerge from how their genetic makeup interacts with their surroundings.

Genotype

The genetic makeup of an individual organism; it consists of the alleles inherited from both parents and determines the potential characteristics of an individual.