Which of the following is a qualitative characteristic of financial information included in the IASB’S Conceptual framework for financial reporting?     a. Relevance   b. Fair presentation   c. Consistency                       d. Accruals

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Q: Financial reporting information may be described in terms of its qualitative features.

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Q: The qualitative characteristics of relevance, reliability and comparability identified in the IASB’s…

A: financial statement should have sufficient information in relation to quality and quantity so as to…

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Q: The US GAAP provides rules and guidance for what two primary financial reporting purposes?

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Q: The fundamental qualitative characteristics that financial information must possess to be useful to…

A: The two fundamental qualitative characteristics that financial statement possess are as follows:…