Multiple Choice
Anvilles Inc.manufactures metal sheets for construction.Mr.Anvilles, the sole shareholder, arranges to transport two hundred metal sheets to the family cottage in Mont Orford.He tells the bookkeeper to record the cost of the metal sheets as cost of goods sold. Which of the following qualitative characteristics of accounting information has not been respected?
A) Both verifiability and the entity concept
B) Both the unit of measure assumption and faithful representation
C) Both faithful representation and the entity concept
D) Both relevance and the unit of measure assumption
Correct Answer:
Verified
Correct Answer:
Verified
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