Multiple Choice
Changing from straight line to reducing balance depreciation in one year, then back to straight line in the next, and then back again to reducing balance, is a violation of the qualitative characteristic of:
A) relevance.
B) materiality.
C) comparability.
D) timeliness.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: In accounting in Australia the most common
Q54: An entity where it is reasonable to
Q55: According to the Conceptual Framework which of
Q57: Which statement concerning the Urgent Issues Group
Q58: Though the AASB has developed a set
Q59: When did Australia adopt the IASB's international
Q60: Select the incorrect statement concerning accounting standards.<br>A)
Q61: The AASB has examined a number of
Q62: Materiality:<br>A) means exercising due care and caution.<br>B)
Q63: Under the Conceptual Framework, which of these