Which accounting objective requires that the information in financial statements is free from bias and free from
Question:
Which accounting objective requires that the information in financial statements is free from bias and free from significant errors?
A. Comparability
B. Relevance
C. Reliability
D. Understandability
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
C Reliability is the accounting objective that requires that the information in financial statements ...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
Students also viewed these Business questions
-
Many users of the information in financial statements have difficulty understanding and evaluating that information. Suggest two reasons for this difficulty. How have the accounting standard-setters...
-
Suppose that the information in Exercise 9 had been presented in the following way. Facebook reports that 70% of its users are from outside the United States. Of the U.S. users, two-thirds log on...
-
Suppose that the information in Exercise 10 had been presented in the following way. A national survey of bank customers finds that 40% are younger than 50. Of those younger than 50, 5 of 8 conduct...
-
What does it mean that flame is non-luminous it is yellow it is invisible It has a very bright blue inner cone it is dark
-
How does the expectancy/disconfirmation process work?
-
The following data were taken from Mesa Companys balance sheet: a. Compute the ratio of liabilities to stockholders equity. b. Has the creditors risk increased or decreased from December 31, 2013, to...
-
(a) A rectangular loop of wire is \(\ell=800 \mathrm{~mm}\) long and \(w=500 \mathrm{~mm}\) wide. You bend the \(\ell\) sides into a semicircle while keeping the \(w\) sides straight, as shown in...
-
Pamela Quinn started her own consulting firm, Quinn Consulting, on May 1, 2012. The trial balance at May 31 is as shown below. In addition to those accounts listed on the trial balance, the chart of...
-
1. A scientific committee is to be formed form 6 Indians and 8 foreigners, which includes at least 2 Indians and double the number of foreigners as Indians. Then the number of ways the committee and...
-
SHOW YOUR COMPLETE SOLUTION. MUCH BETTER IF YOU'LL WRITE THE SOLUTION ON A PAPER.
-
Abi maintains a provision for doubtful debts at 2% of trade receivables. On 1 January 205. the provision for doubtful debts was $426. The trade receivables on 31 December 204 amounted to $20,550....
-
Wendy maintains a provision for doubtful debts. Which statements are correct? 1. It is an application of the matching principle. 2. It is an application of the prudence principle. 3. It is an...
-
Consider the following vectors u and v. Sketch the vectors, find the angle between the vectors, and compute the dot product using the definition u v = |u| |v| cos . u = (10, 0) and v = (10, 10)
-
Ray, a high-net worth individual, is a new client of your CPA firm during tax season in the spring of 20X1. Ray tells you about an investment of his during 20X0. When you tell Ray that his investment...
-
Briefly describe the Apple macOS and Google's Android operating systems. Provide some important technical features. Where are they used generally?
-
Introduce a definition of forensic accountant vs fraud auditor, and make a contrast (comparison) of audit vs. fraud examination vs. forensic accounting. You may find other scholars offering the above...
-
A gravel city street contains 350 ppm lead from shredded battery cases used for fill 30 years ago. Identify all exposure pathways comment on the most significant one. There have been no apparent...
-
In response to financial statements analysis, Celateela Moonn, an UBM MBA 610 student, made the following staments: Statement 5: Assets are reported on the balance sheet at their current market...
-
When a passive activity is sold or otherwise disposed of, what happens to any suspended losses from that activity?
-
(a) Explain why the concentration of dissolved oxygen in freshwater is an important indicator of the quality of the water. (b) How is the solubility of oxygen in water affected by increasing...
-
Compare and contrast the means in which jobs can be redesigned.
-
Why would managers want to use employee involvement programs?
-
Define employee involvement and participation and identify the two major forms of employee involvement.
-
What are 3 significant questions to ask nurses to promote retention?
-
Criterion Sales is considering three alternative investment proposals but can only accept one of these. The investments and cash flows are shown below: Cash Flows DKK Year 1 Year 2 Year 3 Year 4 Year...
-
You have a 20 year bond that is worth 1000 at 240 base points. After 5 years the YTM on the 15 year bonds has risen to 2.4% and the AA rated bonds are still 240 base points what is the new price on...
Study smarter with the SolutionInn App