Which of the Following Statements Is not True

Multiple Choice

Which of the following statements is not true?

A) Comparability means using the same accounting principles from year to year within a company.
B) Faithful representation is the quality of information that gives assurance that it is free of error.
C) Relevant accounting information must be capable of making a difference in the decision.
D) The primary objective of financial reporting is to provide financial information that is useful to investors and creditors for making decisions.