According to the FASB,the Usefulness of Accounting Is Judged by Which

question 74

Multiple Choice

According to the FASB,the usefulness of accounting is judged by which of the following two qualitative characteristics of accounting information?

• A)Comparability and neutrality
• B)Understandability and comparability
• C)Verifiability and timeliness
• D)Relevance and faithful representation

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Definitions:

Savant Syndrome

A condition where an individual with significant mental disabilities demonstrates certain abilities far in excess of average.

Set Of Distinct Abilities

A collection of unique skills or competences that an individual possesses, which vary from person to person.

Cognitive Processing

The intellectual activity involved in learning and grasping concepts through reasoning, experiencing, and the sensory system.

Culturally Constructed

Describes concepts, categories, or norms that are created by cultural agreements and shared within a society.