Which of the following is a fundamental characteristic of accounting information? Select one: O A. Predictive Value O B. Completeness OC. Faithful Representation O D. Comparability ☆
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- What is the purpose of management accounting?Which of the following are the fundamental characteristics of accounting information? O a. Predictive value and feedback value. Ob. Relevance and faithful representation. Oc Relevance and verifiabilily. Od. Timeliness and understandability. O e. Verifiability and taithful representation.Which of the following are considered secondary characteristics of accounting information? a. varifiability and feedback value b. predictive value and timeliness c. comparability and consistency d. representational faithfulness and neutrality
- Which of the following are considered secondary characteristics of accounting information? a. verifiability and feedback value b. predictive value and timeliness c. comparability and consistency d. representational faithfulness and neutralityWhat are the two fundamental qualities of accounting information? OA. Faithful representation and relevance OB. Understandability and verifiability OC. Comparability and faithful representation o D. Timeliness and understandabilityWhich of the following requires accounting information to be complete, neutral, and free from material error? a. Faithful representation concept b. Cost principle c. Economic entity assumption d. Going concern assumption
- Which of the following is a fundamental quality of useful accounting information? Select one: Comparability Consistency Relevance MaterialityAnswer the question below 1. Compare and contrast the view of accounting from the following three perspectives:a. Normativeb. Positivec. CriticalWhich of the following is not a fundamental quality of useful accounting information? Group of answer choices Faithful representation. Relevance. Faithful representation and Relevance. Materiality
- The collection and observation of accounting data was related to ........ Select one : a . Scientific method b . Deductive approach c . Inductive approach d . Pragmatic approachWhich of the following is most closely linked to accounting conservatism? a. Lower-of-cost-or-market rule b. Materiality concept c. Disclosure principle d. Consistency principleThe relevance of providing information in financial statements is subject to the constraint of a.Faithful representation b.Cost-benefit c.Comparability d.Reliability