Which of the following statements is incorrect in relation to financial statements? (a) The information included in
Question:
Which of the following statements is incorrect in relation to financial statements?
(a) The information included in it should be relevant and reliable
(b) It should convey information in a consistent and understandable way
(c) When identifying information for inclusion in it subjectivity is not permitted
(d) An amount/item may not be reported separately unless it is material for decision making
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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