单选题
According to the Financial Accounting Standards Board (FASB) conceptual framework, which of the following situations violates the concept of reliability? A. Management reports to stockholders regularly refer to new projects undertaken. B. Financial statements included property with a carrying amount increased to management' s estimate of market value. C. Management issued the company's financial statements nine months late.
【正确答案】
B
【答案解析】Reliability refers to information that can be verified (measured accurately) and has representational faithfulness (they are what they report to be) and neutrality ( does not consider the economic impact of the reported information).