Multiple Choice
Which of the following is not a true statement?
A) Comparability refers to accounting for similar transactions similarly and different circumstances differently.
B) Comparability refers to comparing alternatives in order to make a decision.
C) Comparability is an inherent quality of accounting numbers in the same sense that relevance and reliability are.
D) Uniformity influences comparability.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Discuss the role of management in relevant
Q4: Rigid uniformity considers relevant circumstances.
Q5: Where rigid uniformity is in effect, the
Q6: The system of disclosure largely in effect
Q7: In accounting, we presume that if rigid
Q9: Transactions are economic or financial events that
Q10: Which of the following is a true
Q11: The 10-K report filed annually with the
Q12: Which of the following is
Q13: Which of the following represents the principal