Inventory information for Sun Corp. is provided in real time by a firm's accounting information system. However, the accuracy of this information is questionable. Many store managers often report stock outs of components that the system indicates are in stock. Which of the following characteristics of useful information is absent in the situation described above? O relevant reliable O complete O timely O understandable O verifiable O accessible

Inventory information for Sun Corp. is provided in real time by a firm's accounting information system. However, the accuracy of this information is questionable. Many store managers often report stock outs of components that the system indicates are in stock. Which of the following characteristics of useful information is absent in the situation described above? O relevant reliable O complete O timely O understandable O verifiable O accessible

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Inventory information for Sun Corp. is provided in real time by a firm's
accounting information system. However, the accuracy of this
information is questionable. Many store managers often report stock -
outs of components that the system indicates are in stock. Which of the
following characteristics of useful information is absent in the situation
described above?
O relevant
reliable
O complete
O timely
understandable
O verifiable
O accessible

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