For Accounting Information to Have Relevance, It Must Be

question 188

Multiple Choice

For accounting information to have relevance, it must be

• A)consistent.
• B)timely.
• C)verifiable.
• D)understandable.

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Definitions:

Fugitive

A person who has escaped from capture or is in hiding, often to avoid arrest or persecution.

Valid Argument

A logical sequence of statements where if the premises are true, the conclusion must also be true.

Prejudged

To make a decision or form an opinion about something or someone in advance, without sufficient evidence or through bias.

Worthy of Friendship

A term used to describe individuals or entities that possess qualities making them desirable or valuable as friends.