An untrue statement of fact and not opinion

Created by

Joel Kwayie

Cards (3)

Opinion which is genuinely believed by the party making it cannot be misrepresented even if that opinion is incorrect
The statement must not contradict other facts known by the party giving the opinion
It is more likely to be an opinion if the giver is not better informed than the receiver

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An untrue statement of fact and not opinion

Cards (3)

6. Preparation of financial statements of sole traders

6.1 Income statement preparation

Components of an income statement:

3.1 Boolean Expressions

Components of a statement of financial position:

8.2 Interpretation of financial statements

Limitations of financial statements:

Limitations of financial statements:

Purpose of financial statements:

17.1 Financial statement analysis

Components of an income statement:

Unit 3: Boolean Expressions and if Statements

1.1 The US Constitution and Federalism

2.1 The State and Globalisation

2.5 Regionalism and the European Union

Components of a statement of financial position:

6.2 Statement of financial position

Purpose of financial statements:

2.2 Changing Patterns of Marriage, Cohabitation, Separation, Divorce, and Childbearing

6.1.1 Positive and Normative Statements

Purpose of financial statements: