Regarding a high quality balance sheet

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Reference no: EM131078227

All of the following are true regarding a high quality balance sheet except:

a. It should portray the economic resources that can be reasonably expected to generate future economic benefits.

b. It should provide a complete and fair portrayal of all of the firm’s obligations at a point in time, including the present value of long-term liabilities for future payments.

c. It should minimize measurement error and bias.

d. It should be follow GAAP or IFRS. e. It should be optimistic in terms of accounting numbers.

Reference no: EM131078227

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