Relevance and faithful representation are both desirable characteristics for accounting measurements, but often it is not possible

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“Relevance and faithful representation are both desirable characteristics for accounting measurements, but often it is not possible to have both.” Do you agree? Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 08:29 AM

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Relevance and faithful representation are both desirable characteristics for accounting measurements, but often it is not possible

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Yes accountants make many tradeoffs between relevance and faithful representation ...View the full answer

Introduction to Financial Accounting

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