Page Layout References Review Vire Section Tools Click to find commands I ==== "A: 44 : T PabCcDd AaBb AaBbC AaBbC1 AaBbCcl A Normal Heading Heading 2 Heading 3 Heading AA New Style Test Tak [5 marks] Question 2: Determine whether each of these statements is true or false. Question Answer T,F F 1 General purpose financial statements provide useful information to parties other than investors and creditors 2 The purpose of international accounting standards board is to raise revenues for the services and income supports the community needs 3 When the values and descriptions match what really existed then the information is relevance. 4 Revenues derecognition principle is to recognize revenues in the accounting period in which the performance obligation is satisfied 5 Valuing assets using historical cost helps to provide relevant information T T E ardsor Chat