Which of the Following Statements Is NOT True

Multiple Choice

Which of the following statements is NOT true?

A) Consistency 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 all amounts reported are known with certainty.
C) Relevant accounting information must be capable of making a difference in a decision.
D) Accounting standards for private entities has four principal qualitative characteristics.