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AICPA Exam CPA-Financial Topic 2 Question 66 Discussion
Actual exam question for
AICPA's
CPA-Financial exam
Question #: 66
Topic #: 2
[All CPA-Financial Questions]
Topic #: 2
According to the FASB conceptual framework, what does the concept of reliability in financial reporting include?
Suggested Answer:
D
Choice 'd' is correct. The concept of reliability in financial reporting includes; neutrality, representational faithfulness and verifiability.
Choices 'a', 'b', and 'c' are incorrect, per the above.
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