Asked by
Daffany Frank
on Oct 28, 2024
Verified
For accounting information to be useful,it must be which of the following?
A) It must be consistent and comparable.
B) It must be a faithful representation and relevant.
C) It must be comparable and reliable.
D) It must be relevant and consistent.
Faithful Representation
Requires that the information be complete, neutral, and free from error.
- Establish and distinguish the foremost categories of financial statements.
Verified Answer
PB
Learning Objectives
- Establish and distinguish the foremost categories of financial statements.