Which of the following characteristics must exist for accounting information to be useful in making informed decisions? O relevant and precise O internal and relevant O relevant and representationally faithful O precise and reliable

Which of the following characteristics must exist for accounting information to be useful in making informed decisions? O relevant and precise O internal and relevant O relevant and representationally faithful O precise and reliable

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

Which of the following characteristics must exist for accounting information to be useful in making informed decisions?
O relevant and precise
O internal and relevant
O relevant and representationally faithful
O precise and reliable

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