USCPA每日一练之FAR【2015-9-19】

高顿网校2015-09-18 09:33Lynn.yu
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　　According to the FASB Conceptual Framework, which of the following relates to both relevance and faithful representation?

　　 consistency verifiability

　　A. Yes Yes

　　B. Yes No

　　C. No Yes

　　D. No Yes

　　Answer:A

　　A is corrent because verifiability and consistency (a component of comparability) are both enhancing qualitative characteristics relating to both relevance and faithful representation.

　　B is incorrect because per SFAC 8, both consistency and verifiability are enhancing qualitative characteristics that relate to both relevance and faithful representation.

　　C is incorrect because consistency is an enhancing quality that relates to both of the fundamental qualities of relevance and faithful representation.

　　D is incorrect because both consistency and verifiability are enhancing characteristics that relate to both of the fundamental qualities of relevance and faithful representation.

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