Abigail has just been added to a team tasked with developing new products. She has likely been put on which of the following teams?

"Faithful representation" is one of the desirable qualities of accounting information. This means that such information should:

(a) Unbiased and free from error. (b) Perfectly accurate. (c) Understandable and clear. (d) Relevant and reliable.

For a given rate of discount, the further in the future a cash flow is to be paid, the lower the present value.

a. true b. false