Identify the Accounting Concept or Principle That Relates to the Statement

question 35

Multiple Choice

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

• A) Relevance
• B) Faithful representation
• C) Materiality
• D) Comparability

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Definitions:

Change Talk

In therapy and counseling, the client's verbal indication of consideration of, motivation for, or commitment to change.

Person-Centered Theory

A psychological approach that emphasizes the importance of the individual's subjective experience and innate capacity for personal growth and self-healing.

MI Principles

The foundational principles of Motivational Interviewing, a counseling approach that aims to enhance a person's motivation to change.

Psychoanalytic Theory

A theory originated by Sigmund Freud that emphasizes unconscious processes and childhood experiences in shaping personality and behavior.