Qualitative Characteristics Associated with Relevant Accounting Information Are

question 103

Multiple Choice

Qualitative characteristics associated with relevant accounting information are

• A) consistency, faithful representation, and timeliness.
• B) predictive value, confirmatory value, and materiality.
• C) neutrality, predictive value, and reliability.
• D) going concern, cost principle, and materiality.

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Definitions:

Resources And Power

The distribution and control of assets, capabilities, and influence within a society or organization.

Entitlement

The right to benefits or privileges based on established legal or ethical principles or regulations.

Decree

An official order issued by a legal authority, usually a government entity or court, which has the force of law.

Directly Representing

The act of advocating or speaking on behalf of another person or group in a direct and explicit manner.