Which statement is incorrect regarding reliability ofinformation contained in the financial statements?
a. Information in financial statements is reliable if itis free from any error and bias and can be depended upon by usersto represent events and transactions faithfully
. b. Information is not reliable when it is purposely designedto influence users' decisions in a particular direction.
c. There is sometimes a tradeoff between relevance andreliability and judgment is required to provide the appropriatebalance.
d. Reliability is affected by the use of estimates and byuncertainties associated with items recognized and measured infinancial statements.
Which statement is incorrect regarding reliability of information contained in the financial statements? a. Information
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