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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 6: Inventory Costing and Valuation
  5. Question
    The Principle of Faithful Representation Requires That Information Be Complete
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The Principle of Faithful Representation Requires That Information Be Complete

Question 25

Question 25

True/False

The principle of faithful representation requires that information be complete, neutral and free from error so that assets and income are not overstated and liabilities and expenses are not understated.

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