Enhancing Qualitative Characteristics Are an Essential Part of the Conceptual

question 15

Multiple Choice

Enhancing qualitative characteristics are an essential part of the conceptual framework of accounting.These include, among others, timeliness.Which of the items below would be most indicative of timeliness?

• A)The preparation of quarterly financial statements
• B)The preparation of annual financial statements
• C)The large volume of data to be included.
• D)The choice of the best accounting principle