Standard Properties Are Associated with All Microsoft Office Documents and Include

question 52

True/False

Standard properties are associated with all Microsoft Office documents and include author,title,and subject.

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Definitions:

Objectives of Financial Reporting

The goal of providing financial information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors in making decisions about providing resources to the entity.

FASB

An abbreviation for Financial Accounting Standards Board, the organization responsible for establishing accounting and financial reporting standards in the United States.

Qualitative Characteristics

The attributes that make the information provided in financial statements useful to users.