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Which of the following would be considered a breach of the qualitative characteristic of faithful representation? a.Applying judgement in determining the existence of a liability.
Which of the following would be considered a breach of the qualitative characteristic of faithful representation?
a.Applying judgement in determining the existence of a liability.
b.Incorporating estimations in the measurement of assets
c.Disclosing information that could influence a decision.
d.None of these would be considered a breach of the qualitative characteristic of faithful representation.
e.Omitting the recognition of transactions of insignificant dollar amounts.
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