Which of the Following Are Considered in the IASB Conceptual

question 59

Multiple Choice

Which of the following are considered in the IASB Conceptual Framework as primary qualitative characteristics?

• A)relevance, faithful representation, materiality and comparability
• B)relevance, faithful representation, timeliness and understandability
• C)relevance, faithful representation, understandability and comparability
• D)materiality, faithful representation, understandability and comparability

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Definitions:

Elder Abuse

A form of mistreatment that leads to harm or distress of an older person, often occurring in domestic settings.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, often leading to acute intoxication.

Drinks

Refers broadly to any liquid that is consumed including water, alcohol, sodas, and juices.

Child Abuse

The physical, emotional, sexual, or neglectful maltreatment of a child by a caretaker.