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The implication of the qualitative characteristic of faithful representation is that: a. It will allow different users of the information to come to a consensus.
The implication of the qualitative characteristic of faithful representation is that:
a. | It will allow different users of the information to come to a consensus. | |
b. | It will be used to predict outcomes of past, present or future events. | |
c. | Financial information presented is complete, without bias or under error, and neutral. | |
d. | If there is a choice of accounting methods, one method should be chosen and then applied throughout the life of the entity. | |
e. | none of the above. |
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