Identify the Accounting Concept or Principle That Relates to the Statement

question 42

Multiple Choice

Identify the accounting concept or principle that relates to the statement in each of the following questions:
-The financial statements need to contain information that is useful to decision-makers.

• A) relevance
• B) reliability
• C) materiality
• D) prudence.

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Definitions:

Child Sexual Abuse

Involves an adult or older adolescent engaging in sexual activities with a child.

Disclose

To make known or reveal information that was previously private or secret.

Underestimates

Occurs when the value, amount, importance, or size of something is judged to be lower than it actually is.

Sexually Abused

Refers to being subjected to unwanted or forced sexual activity by another individual.