The Characteristic of Accounting Information That Requires Financial Reports to Be

question 52

Multiple Choice

The characteristic of accounting information that requires financial reports to be expressed as clearly as possible and to be capable of being understood by those they are addressed to, is known as:

• A)understandability.
• B)reliability.
• C)cost versus benefit test.
• D)relevance.

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Definitions:

Well-designed Images

Images that have been thoughtfully planned and created to effectively communicate a specific message or aesthetic.

Text

Written or printed words regarded as forming a body of work, typically arranged in a medium such as books, websites, or documents.

Introduce

The act of presenting someone or something to others for the first time.

Important Topics

Subjects or matters of significant value, concern, or interest in a given context.