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1- To provide unreliable and irrelevant information leads to poor capital allocation which adversely affects the securities market. A. True B. False 2- accounting reporting
1- To provide unreliable and irrelevant information leads to poor capital allocation which adversely affects the securities market. A. True B. False 2- accounting reporting should therefore help investors assess the amounts, timing, and uncertainty of prospective cash inflows from dividends or interest, and the proceeds from the sale, redemption, or maturity of securities or loans. A. True B. False 3- The concept of materiality refers to the relative significance of an amount, activity, or item to informative disclosure, proper presentation of financial position, and the results of operations. A. True B. False 4- Enhancing qualities are qualitative characteristics that are complementary to the fundamental qualitative characteristics. A. True B. False
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