Which is a correct statement below? A. An example of an obscured material information is the information is scattered throughout the financial statements. B. Potential investors are not considered as primary users of financial information. C. An information is immaterial if it will affect the decision of the primary users of the financial statements. D. Going concern assumption means that the accounting entity
Which is a correct statement below? A. An example of an obscured material information is the information is scattered throughout the financial statements. B. Potential investors are not considered as primary users of financial information. C. An information is immaterial if it will affect the decision of the primary users of the financial statements. D. Going concern assumption means that the accounting entity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which is a correct statement below?
A. An example of an obscured material information is the information is scattered throughout the financial statements.
B. Potential investors are not considered as primary users of financial information.
C. An information is immaterial if it will affect the decision of the primary users of the financial statements.
D. Going concern assumption means that the accounting entity is viewed as continuing in operation definitely.
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