Multiple Choice
James Cook Ltd bought a piece of land 10 years ago and the market value of this property is now worth five times its purchase cost.The accountant suggested that James Cook Ltd should revalue the asset.This notion is consistent with the qualitative characteristic of:
A) relevance.
B) faithful representation.
C) understandability.
D) comparability.
Correct Answer:
Verified
Correct Answer:
Verified
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