All the Following Are Standards of Accounting Information Except

question 21

Multiple Choice

All the following are standards of accounting information except

• A) flexibility.
• B) reliability.
• C) understandability.
• D) relevance.

---

Definitions:

Children's Testimony

The evidence provided by children in legal settings, which requires careful consideration due to their developmental stage.

Suggestibility

The quality of being inclined to accept and act on the suggestions of others, often studied in psychological contexts.

Los Angeles

A large city in California, known for its entertainment industry, diverse culture, and sprawling metropolitan area.

Jean Piaget

A Swiss psychologist known for his theory of cognitive development that describes how children develop intellectual abilities to adapt to the world around them.