Select the Correct Statement Regarding Quantitative and Qualitative Information

question 126

Multiple Choice

Select the correct statement regarding quantitative and qualitative information.

• A) To be relevant,qualitative data need not be quantified.
• B) Relevant information cannot have both quantitative and qualitative characteristics.
• C) Qualitative data should only be considered when quantitative data are inconclusive.
• D) To be relevant,qualitative data need not differ between the alternatives but must be future-oriented.

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Definitions:

Accounts Receivable

Accounts receivable are amounts owed to a business by customers for goods or services delivered but not yet paid for.

Asset Section

The asset section of a balance sheet details a company's owned resources with economic value anticipated to provide a future benefit.

Wages Expense

The total amount of money paid to employees for work performed, reported on the income statement.

Clawback Provisions

Terms included in contracts that require an individual to return money previously earned, often used to reclaim bonuses or other compensation under certain conditions.