Multiple Choice
Attributes of relevant information include:
A) a faithful representation of transaction
B) a faithful representation of the economic effect of the transaction
C) neither A nor B
D) both A and B
Correct Answer:

Verified
Correct Answer:
Verified
Q1: SAC3 arranges the qualitative characteristics in three
Q2: Under the framework financial information that assists
Q3: In Australia,income is limited to:<br>A) revenue and
Q4: Under the Framework,the purchase of inventory by
Q5: The constraint(s)on relevant,reliable,material,understandable and comparable information is/are:<br>A)
Q7: The Framework definition of revenue (income)differs in
Q8: 'That quality of financial information which exists
Q9: In Australia under the conceptual framework,which of
Q10: The two principle ingredients of relevance specified
Q16: The recognition of an element of a