The Objectivity Principle

Multiple Choice

The objectivity principle:

A) Means that information is supported by independent,unbiased evidence.
B) Means that information can be based on what the preparer thinks is true.
C) Means that financial statement should contain information that is optimistic.
D) Means that a business may not recognize revenue until cash is received.
E) Means the assets acquired must be recorded at what the company paid for them.