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Find which statement about financial information are correct

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Reference no: EM132761891

Problem 1: Which of the following statements about financial information are correct?

Select one:

a. Information does not need to have a predictive or confirmatory value to be relevant

b. It is expected that all users can understand information in the financial statements

c. Information is only material if its omission or misstatement could influence the decisions of users

d. It is sometimes necessary to exclude complex information, that may be relevant, from financial statements, because it is too difficult for users to understand

Reference no: EM132761891

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