Which of the Following Statement(s)is/are True of the Qualitative Characteristic

question 9

Multiple Choice

Which of the following statement(s) is/are true of the qualitative characteristic "comparability"?

• A)A financial report must show corresponding results for the preceding period.
• B)A financial report must be presented in a consistent manner,hence,an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.
• C)A financial report must contain all material and relevant items.
• D)All of the given answers.
• E)A financial report must show corresponding results for the preceding period and be presented in a consistent manner,hence,an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.

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Definitions:

Biological Need

A biological need is a physiological requirement that organisms must meet to maintain health, such as food, water, and shelter.

Secondary Reinforcement

A process in which a neutral stimulus becomes reinforcing through its association with a primary reinforcer.

Fixed-ratio Scheduling

A type of reinforcement schedule in behaviorism where a response is reinforced only after a specified number of responses.

Negative Reinforcement

A behavior modification technique that involves the removal of an unpleasant stimulus to increase the likelihood of a behavior being repeated.