Enter the stem or question prompt here. True False Without receiving, using, or dispensing financial information, you can earn living, spend money, buy on credit, make an investment, or pay taxes. Ethical principles of accounting are reliability, trustworthiness, relevance and comparability. An advantage of a corporation is that the ownership is divided into transferable shares, which makes it easy to raise money The personal living costs of the owner are separate from the expenses of the company, is an example of the Monetary Unit Assumption. If a financial statement got prepared in alliance with the IFRS, the information have no credibility The identifying, recording and communication of economic events of a company are parts of the Financial Accounting Creditors can be bankers or suppliers. ter the stem or question prompt here