According to the International Accounting Standards Board’s Conceptual Framework, which qualitative characteristics enhance the usefulness of information that is relevant and faithfully representative? Consistency, reliability, measurability, timeliness Materiality, understandability, comparability, reliability Comparability, understandability, timeliness, verifiability Consistency, prudence, measurability, verifiability
According to the International Accounting Standards Board’s Conceptual Framework, which qualitative characteristics enhance the usefulness of information that is relevant and faithfully representative? Consistency, reliability, measurability, timeliness Materiality, understandability, comparability, reliability Comparability, understandability, timeliness, verifiability Consistency, prudence, measurability, verifiability
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 4MC
Related questions
Question
According to the International Accounting Standards Board’s Conceptual Framework, which qualitative characteristics enhance the usefulness of information that is relevant and faithfully representative?
Consistency, reliability, measurability, timeliness | |
Materiality, understandability, comparability, reliability | |
Comparability, understandability, timeliness, verifiability | |
Consistency, prudence, measurability, verifiability |
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