Moontek LLC is into manufacturing cotton textiles. The company reported that it had an OMR 900,000 loan as of the balance sheet date, but the company could not disclose additional information about the loan maturity period and the interest rates applicable for the same in the annual report. The noncurrent assets were stated appropriately considering the depreciation rates useful life, and other asset-relevant data. From the above case which of the following qualitative characteristics is ignored by Moontek LLC. Completeness Neutral Free from error Comparability combor 2019

Moontek LLC is into manufacturing cotton textiles. The company reported that it had an OMR 900,000 loan as of the balance sheet date, but the company could not disclose additional information about the loan maturity period and the interest rates applicable for the same in the annual report. The noncurrent assets were stated appropriately considering the depreciation rates useful life, and other asset-relevant data. From the above case which of the following qualitative characteristics is ignored by Moontek LLC. Completeness Neutral Free from error Comparability combor 2019

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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