Multiple Choice
Faithful presentation is one on the two primary fundamental qualitative characteristics for financial information to be useful as proposed in the Exposure Draft released as part of the joint initiative of the IASB and US FASB.A financial report is faithfully presented if it is:
A) consistent,free from bias and free of material error.
B) accurate,free from bias and free of material error.
C) complete,neutral and free of material error.
D) reliable,neutral and free of material error.
E) None of the given answers.
Correct Answer:
Answered by ExamLex AI
Correct Answer:
Answered by ExamLex AI
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