Which of the characteristics is not necessary in order for accounting information to provide faithful representation?

a.conservative.

b.free from error.

c.complete.

d.neutral.

Consistency of information means that:

a.the information would influence a decision.

b.different companies use the same accounting principles.

c.the amounts involved are material.

d.a company uses the same accounting principles and methods from year to year.

Comparability of information results when:

a.the information would influence a decision.

b.different companies use the same accounting principles.

c.the amounts involved are material.

d.a company uses the same accounting principles and methods from year to year.