Which Qualitative Characteristic Improves the Usefulness of Financial Reporting Information

question 26

Multiple Choice

Which qualitative characteristic improves the usefulness of financial reporting information by enabling the users to identify similarities in and differences between two sets of economic data?

• A) relevance.
• B) timeliness.
• C) economic substance.
• D) comparability.

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Definitions:

Pet

A domestic or tamed animal kept for companionship or pleasure.

Meaning

The significance or understanding conveyed by words, signs, symbols, or actions.

Multiple Sclerosis

A chronic autoimmune disease affecting the central nervous system, leading to impairment of motor functions and other issues.

Abbreviation

A shortened form of a word or phrase used primarily to save space or time.