Listed below are some characteristics of financial information.
(1) Neutrality
(2) Prudence
(3) Completeness
(4) Timeliness
Which of these characteristics contribute to reliability, according to the IASC’s Framework for the Preparation and
Presentation of Financial Statements?
A (1), (2) and (3) only
B (1), (2) and (4) only
C (1), (3) and (4) only
D (2), (3) and (4) only
a
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