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    Business
  3. Study Set
    Intermediate Accounting IFRS
  4. Exam
    Exam 1: Environment and Theoretical Structure of Financial Accounting
  5. Question
    Four Different Competent Accountants Independently Agree on the Amount and Method
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Four Different Competent Accountants Independently Agree on the Amount and Method

Question 24

Question 24

Multiple Choice

Four different competent accountants independently agree on the amount and method of reporting an economic event. The concept demonstrated is:


A) Reliability.
B) Comparability.
C) Representational faithfulness.
D) Verifiability.

Correct Answer:

verifed

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