If Financial Information Is Relevant, This Means That

question 237

Multiple Choice

If financial information is relevant, this means that

• A) decision makers can depend on it
• B) it can affect the types of decisions made by users
• C) the information is prepared using the same accounting procedures from one accounting period to the next
• D) users are able to compare different companies, if all the companies use similar accounting practices
• E) the financial statements have not been prepared according to GAAP

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