If Financial Information Is Relevant,this Means That

question 183

Multiple Choice

If financial information is relevant,this means that:

• A) Decision makers can depend on it.
• B) It can affect the types of decisions made by users.
• C) The information is prepared using the same accounting procedures from one accounting period to the next.
• D) Users are able to compare different companies,if all the companies use similar accounting practices.
• E) The financial statements have not been prepared according to GAAP.

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