Which of the Following Actions Best Describes the Qualitative Characteristic

question 63

Multiple Choice

Which of the following actions best describes the qualitative characteristic 'relevance'?

• A) The financial report of KMC Ltd was audited by one of the Big 4 four accounting firms.
• B) DGC omitted a sales transaction equal to 10.5% of its accounts receivable.
• C) MCB Ltd and DGC Ltd both use accelerated depreciation method.
• D) GEP Ltd did not revalue its intangible assets because it was difficult to obtain the fair value of the assets.

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Definitions:

PivotTable

An interactive table in spreadsheet software that allows users to summarize and analyze large datasets, making it easy to compute statistical measures and organize data.

Field List

A comprehensive enumeration of all the available data fields in a database or software application, often used to select and organize data for analysis or reporting.

PivotTable

A feature in spreadsheet programs that allows users to dynamically reorganize and summarize large data sets into a concise report.

Text Data

Information represented in the form of words, sentences, or paragraphs, often utilized in data processing and textual analysis.