Which One of the Following Statements Is Correct

Multiple Choice

Which one of the following statements is correct?

A) The IASB states in its Conceptual Framework for Financial Reporting that the objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders, other creditors, regulators and members of the public in making decisions about providing resources to the entity.
B) Information should only be presented if the benefits of providing this information outweigh the costs of obtaining it.
C) Comparability means consistency.
D) Items in financial statements are material only by nature.