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The following media statement was released by a director of a company listed on the JSE Limited: Our assets have almost doubled in value in
The following media statement was released by a director of a company listed on the JSE Limited: "Our assets have almost doubled in value in the last two years. Anyway, who cares about anything else than growth in asset value?" In terms of the abovementioned media statement, indicate TWO statements below that are correct in terms of the Conceptual Framework for Financial Reporting (2018)? a. Because the directors only care about the growth in the asset value it raises the concern that the assets are possibly overstated. b. Because the directors only care about the growth in the asset value it raises the concern that the assets are possibly understated. c. Because the directors only care about the growth in the asset value it raises the concern that the financial information is not relevant because it is not neutral. d. Because the directors only care about the growth in the asset value it raises the concern that the financial information is not a faithful representation because the asset value is not material to the users of the financial statements. e. Because the directors only care about the growth in the asset value it raises the concern that the financial information
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