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    Financial Accounting
  4. Exam
    Exam 6: Financial Reporting Principles, accounting Standards and Auditing
  5. Question
    In Reporting on Its Liability for Long Service Leave to Employees,a
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In Reporting on Its Liability for Long Service Leave to Employees,a

Question 22

Question 22

Multiple Choice

In reporting on its liability for long service leave to employees,a company is obliged to trade off:


A) understandability and consistency
B) relevance and reliability
C) materiality and disclosure
D) comparability and prudence.

Correct Answer:

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