Which are true of the qualitative characteristic faithful

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Problem 1: Which of the following statement(s) is/are true of the qualitative characteristic 'faithful representation'?

Option 1: Information that is free from material bias and error.

Option 2: Information that faithfully represents what it purports to represent.

Option 3: Information that should affect the decisions of financial statement users.

Option 4: Information that is free from material bias and error, complete description and that faithfully represents what it purports to represent.

Reference no: EM132619028

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