For a Particular Entity's Financial Statements to Be Presented Fairly

Multiple Choice

For a particular entity's financial statements to be presented fairly in conformity with generally accepted accounting principles, it is not required that the principles selected:

A) Be appropriate in the circumstances for the particular entity.
B) Reflect transactions in a manner that presents the financial statements within a range of acceptable
C) Present information in the financial statements that is classified and summarized in a reasonable manner.
D) Be applied on a basis consistent with those followed in the prior year.