Oman Flour Company provides its top managers with bonus on the basis of reported profit. During 2018 the management showed a decline in the final profit. In order to continue paying bonus the company attempt to adopt different accounting policies that resulted in higher profits. what suitable qualitative characteristics of useful financial information for in this case?
Oman Flour Company provides its top managers with bonus on the basis of reported profit. During 2018 the management showed a decline in the final profit. In order to continue paying bonus the company attempt to adopt different accounting policies that resulted in higher profits. what suitable qualitative characteristics of useful financial information for in this case?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Oman Flour Company provides its top managers with bonus on the basis of reported profit. During 2018 the management showed a decline in the final profit. In order to continue paying bonus the company attempt to adopt different accounting policies that resulted in higher profits.
what suitable qualitative characteristics of useful financial information for in this case?
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