If Accounting Information Is Considered to Have Faithful Representation,then Which

question 129

Multiple Choice

If accounting information is considered to have faithful representation,then which of the following is true?

• A)The information represents to users what it claims to represent.
• B)The information follows conservatism principles and is also material.
• C)The information is considered pertinent to or affects decisions.
• D)The information will have predictive value,feedback value,and is timely.

---

Definitions:

Variance

A measure of the spread of numbers in a data set, indicating how far each number in the set is from the mean.

Board Configurations

The structure and arrangement of a board of directors or trustees, including the number of members, their roles, and how they are chosen.

Sample Sizes

The number of observations or elements selected from a population to conduct statistical analysis.

Reflect Effects

The impact or consequences of a particular event, action, or decision that need to be considered or analyzed.