Financial Statements Are a Key Source of Information Useful to External

question 15

Multiple Choice

Financial statements are a key source of information useful to external users.The quality of relevance in financial information contributes to its usefulness.Along with relevance which of the following attributes is a primary element of useful financial information?

• A)Eloquence
• B)Assets
• C)Ethicality
• D)Faithful representation

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Definitions:

Idea Screening

The process of evaluating ideas to spot viable options, eliminating those that are less likely to succeed, before significant resources are allocated.