Primary Qualitative Characteristics of Accounting Information Are

question 19

Multiple Choice

Primary qualitative characteristics of accounting information are:

• A)Relevance and comparability.
• B)Comparability and consistency.
• C)Reliability and relevance.
• D)Reliability and consistency.

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Definitions:

Simple Random Sample

A segment of a statistical population where every individual in the segment is equally likely to be selected.

Infinite Population

A population size that is so large it is considered limitless for practical statistical purposes, often used in theoretical models.

Independently

Without being influenced or affected by other factors or variables.

Standard Error

The estimate of the standard deviation of a sampling distribution.