Answer
False.
Work Step by Step
Besides verifiability, information is said to be faithfully represented when it is satisfactorily complete and unequivocally neutral.
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: E2-2e
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