Connor Corporation Hired a New Accountant

question 55

Multiple Choice

Connor Corporation hired a new accountant. Over the next four years, the accountant used four different accounting methods to depreciation for Connor's equipment. Which of the following qualities of useful information has Connor most likely violated?

• A) Comparability
• B) Relevance
• C) Faithful representation
• D) Consistency

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Definitions:

Statute

Written laws enacted by a legislative body at the national or local level.

Quiet Enjoyment

The right of a tenant or property owner to use their property without interference from the landlord or other external parties.

Lessor

An individual or entity that rents out property or goods to a lessee under the terms of a lease agreement.

Property Of The City

Assets or possessions that are owned by the municipal government, including public buildings, lands, and infrastructure.