Answer
False.
Work Step by Step
Relevance is a fundamental attribute, but verifiability is not. Faithful representation is the attribute that should have been included in this statement instead of verifiability.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 71: E2-2a
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