Question: According to the conceptual framework, accounting information must be relevant and also representationally faithful. A) How can this supposedly turn out to be a balancing

According to the conceptual framework, accounting information must be relevant and also representationally faithful. A) How can this supposedly turn out to be a balancing act (i.e. trying to juggle both relevance and representational faithfulness? B) Give an example of an accounting concept where relevance exists but lacks representational faithfulness or vice versa.

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