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Which of the following statements is incorrect regarding high quality accounting information? A. It incorporates the firm's financial position, performance and risk B. Economic effects

Which of the following statements is incorrect regarding high quality accounting information?

A.
It incorporates the firm's financial position, performance and risk

B.
Economic effects of a firm's decisions are portrayed fairly and completely

C.
Good faith estimates yield small errors in directions that are predictable.

D.
Measurement and bias are minimized

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Previous Question Next Question

	A.	It incorporates the firm's financial position, performance and risk
	B.	Economic effects of a firm's decisions are portrayed fairly and completely
	C.	Good faith estimates yield small errors in directions that are predictable.
	D.	Measurement and bias are minimized