Which statement is incorrect regarding reliability of information contained in the financial statements?

a. Information in financial statements is reliable if it is free from any error and bias and can be depended upon by users to represent events and transactions faithfully

. b. Information is not reliable when it is purposely designed to influence users' decisions in a particular direction.

c. There is sometimes a tradeoff between relevance and reliability and judgment is required to provide the appropriate balance.

d. Reliability is affected by the use of estimates and by uncertainties associated with items recognized and measured in financial statements.