The Underlying Conditions That Create Demand by Users for Reliable

question 30

Multiple Choice

The underlying conditions that create demand by users for reliable financial information include the fact that ________.

• A)more reliable information will allow investors to calculate the rate of return on their investment
• B)users are separated from accounting records by distance and time
• C)governments rely on such information to create tax policies
• D)there is a need for the expression of an opinion as to the fairness of financial statements

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Definitions:

Opportunities

Circumstances or situations that make it possible to do something, often leading to personal growth or achievement.

Consequences

The outcomes or results that follow from actions or decisions, often considered in the context of behavior and choice.

Governmental Deviance

Refers to actions or policies by government entities or representatives that go against the moral, ethical, or legal standards expected of them.

Causes

The reasons or explanations behind an event, situation, or condition's occurrence.