Answered: Question-66 How does contextual… | bartleby

Financial & Managerial Accounting

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter26: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 4DQ

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Question-66
How does contextual materiality differ from numerical
thresholds?
a) Qualitative factors modify pure numerical
significance
b) Numbers alone determine importance
c) Context never affects decisions
d) Thresholds remain fixed always

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Question-66
Which of the following is NOT a characteristic of effective information? a. relevance b. accuracy c. summarization d. precision
For information to be relevant, it has to possess: O A. Only predictive value O B. Only confirmative value O C. Both predictive and confirmatory value O D. Either predictive or confirmatory value, or both
Comparability, understandability, timeliness, and verifiability are enhancing qualitative characteristics that contribute to: Relevance Faithful Representation a. Yes No b. No No c. No Yes d. Yes Yes
can you solve by ansewring the question'a in a fromual.
Question D is incorrect. Can you check the answer
It is not particularly important what allocation base is used in calculating the POHR as long as it is consistently applied. Question 3 options: True False
Current Attempt in Progress Verifiability is an ingredient of Faithful Representation Relevance Yes Yes No Yes No No Yes No Save for Later
When should alternative measurement bases supplement cost?
Which one of the following qualities is most concerned with influencing users' decisions concerning the prediction of future events and the confirmation of past events? O A. Faithful representation OB. Understandability OC. Verifiability OD. Relevance (...)
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how do you calculate the answers for question a

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