For Accounting Information to Be Useful,it Must Be Which of the Following

question 67

Multiple Choice

For accounting information to be useful,it must be which of the following?

• A)It must be consistent and comparable.
• B)It must be a faithful representation and relevant.
• C)It must be comparable and reliable.
• D)It must be relevant and consistent.

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Definitions:

Inflation Rate

The inflation rate measures how much the general level of prices for goods and services is rising, and, subsequently, how purchasing power is eroding over time.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points, often used to quantify the risk associated with a particular investment or portfolio.

Gold Stock

Shares in gold mining companies or in exchange-traded funds or instruments that invest in gold.

Good Economy

A state of economic prosperity characterized by high employment, steady growth, and controlled inflation.