Under Statement of Financial Accounting Concepts No

question 16

Multiple Choice

Under Statement of Financial Accounting Concepts No.2,which of the following is an ingredient of the primary quality of relevance?

• A)Predictive value
• B)Materiality
• C)Understandability
• D)Verifiability

---

Definitions:

Anthropomorphism

The attribution of human traits, emotions, or intentions to non-human entities.

Embarrassed

A feeling of self-consciousness, shame, or awkwardness that arises from a situation that exposes one's shortcomings or social faux pas.

Dog Sweater

A piece of clothing designed to keep dogs warm, often used in colder climates or for breeds with less natural insulation.

Mathematical Ability

The capacity to understand, manipulate, and solve mathematical problems, often considered a component of intelligence or cognitive skill.