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Which of the following statements about relevance are correct? I. Information is relevant when it...

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Accounting

Which of the following statements about relevance are correct?

I. Information is relevant when it influences decisions of users, affected by nature and

materiality.

II. Information is material if its omission or misstatement could influence the economic

decisions of users taken on the basis of the financial statements.

a.I only

b.None of them

c.II only

d. Both of them

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