According to Generally Accepted Accounting Principles,which of the Following Is

question 198

Multiple Choice

According to Generally Accepted Accounting Principles,which of the following is not a characteristic of useful financial information?

• A)Comparable
• B)Verifiable
• C)Timely
• D)Ethical

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Definitions:

Breach of Confidence

An unauthorized use or disclosure of confidential information that was shared in a trusted relationship.

Secret Research Data

Confidential information generated from scientific or academic studies that is not disclosed to the public.

Injunction

A court order requiring an individual or entity to do or cease doing a specific action.

Self-Defence

A legal defense where an individual uses reasonable force to protect themselves from physical harm or threat of harm by another person.