To Be Relevant Accounting Information Should Have Which of These

question 29

Multiple Choice

To be relevant accounting information should have which of these characteristics?

• A)The transaction or other event relating to the accounting information should have occurred
• B)It must assist in making predictions about future situations or must help confirm past predictions of users
• C)The financial information should faithfully represent transactions and events without bias or undue error
• D)To be relevant accounting information should have all of the above characteristics

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Definitions:

Yield Strength

The highest stress a material can withstand without permanent deformation expressed in psi. In steels, yield strength is typically about 10 percent less than tensile strength.

Tempered Steel Alloy

steel that has been heat-treated to increase its strength and toughness, often used in applications requiring durability and resistance to wear.

Class 8 Truck

A classification for heavy trucks with a Gross Vehicle Weight Rating (GVWR) exceeding 33,000 pounds.

Frame Rails

The long, structural members of a vehicle frame that provide support and shape to the vehicle's body and chassis.