| The reliability principle requires that
accounting information be dependable--free from significant error and bias.
Users of accounting information rely on its truthfulness. To be reliable,
information must be verifiable by people outside the business; Financial
statement users may consider information reliable if independent experts would
agree that the information is based on objective and honest
measurement. Consider the error in a company’s failure to accrue interest revenue at the end of an accounting period. This error results in understated interest revenue and understated net income. Clearly, this company’s accounting information is unreliable. Biased information -- data prepared from a particular viewpoint and not based on objective facts -- is also unreliable. Suppose a company purchased inventory for $ 25. 000. At the end of the ac A. The accounting information should depend on the principle. B. The accounting information should be free from significant error and bias. C. The accounting information relies on independent experts. D. The accounting information must be verifiable by people outside. [填空题]A—accounting principle B—asset
C—borrower D—capital gain E—cash flow F—certificate G—commissions H—credit card I—dividends J—domestic law K—fixed rate L—growth rate M—income tax N—intellectual property right O—invoice P—letter of credit Q—stockholders R—sampling S—taxpayer T—seed capital ______国内法 ______发票 [填空题]
A--accounting principle
B--asset ( ) 国内法 ( ) 发票C--borrower D--capital gain E--cash flow F--certificate G--commissions H--credit card I--dividends J--domestic law K--fixed rate L--growth rate M--income tax N--intellectual property right O--invoice P--letter of credit Q--stockholders R--sampling S--taxpayer T--seed capital 我来回答: 提交
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