Which of the Following Is/are True Regarding the "Reliability" of a Reported

question 26

Multiple Choice

Which of the following is/are true regarding the "reliability" of a reported amount?

• A)that the amount corresponds to what it purports to represent
• B)is reasonably free from error and bias in the sense that multiple independent measurers would agree on the amount.
• C)neither U.S.GAAP nor IFRS specifies what amount of reliability is "sufficient," suggesting that this judgment is context-specific and subjective, not quantifiable.
• D)Answers a, b, and c are correct.
• E)None of these answer choices is correct.

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