Which of the following statements about relevance are correct? I. Information is relevant when it influences the
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Question:
Which of the following statements about “relevance” are correct?
I. Information is relevant when it influences the decisions of users, affected by nature and materiality.
II. Information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements.
a. I only
b. None of them
c. II only
d. Both of them
Related Book For
Investments
ISBN: 978-0071338875
8th Canadian Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
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