The Following Is a Qualitative Characteristic of Accounting Information

question 25

Multiple Choice

The following is a qualitative characteristic of accounting information:

• A) timeliness
• B) feedback value
• C) neutrality
• D) decision usefulness.

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Definitions:

Sanctions

Penalties or rewards for conduct concerning a social norm.

"As If"

Used in various contexts to indicate acting or thinking in a way that reflects an assumption or pretense, often associated with theoretical or hypothetical scenarios.

Culture

The complex system of meaning and behavior that defines the way of life for a given group or society.

Functions

are the intended or expected outcomes of social institutions, practices, or structures in society.