The Convention That Gives Financial Statement Users More Timely Information

question 41

Multiple Choice

The convention that gives financial statement users more timely information is the

• A)stable monetary unit
• B)materiality convention
• C)going concern convention
• D)periodicity convention
• E)entity concept

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Definitions:

Ethnic Groups

Social groups that share a common and distinctive culture, religion, language, or the like.

Percentile

A statistical value that represents the position of a score in a distribution, showing the percentage of scores that fall below it.

Scale of Measurement

A system that specifies the nature of the relationship among values assigned to objects or individuals based on properties.

Achievement Test Scores

Quantitative measures of an individual's knowledge or proficiency in a particular subject or skill area, derived from standardized tests.