Answered: What qualitative characteristic…

What qualitative characteristic defines, the underlying influence in the preparation of financial statements is the weighing of costs and benefits regarding the presentation of information

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter2: Financial Reporting: Its Conceptual Framework

Section: Chapter Questions

Problem 2MC: Which of the following is considered a constraint on useful information by Statement of Financial...

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Question

What qualitative characteristic defines, the underlying influence in the preparation of financial statements is the weighing of costs
and benefits regarding the presentation of information
A) Materiality
Cost constraints
Faithful representation
D Going concern

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