Verifiability is one of the enhancing qualities that makes information useful, however, it is not one of the fundamental qualtities. | |
Verifiability is an ingredient of
Faithful Representation | Relevance |
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Solution:
Verifiability is an ingredient of:
Faithful representation - Yes
Relevance - Yes
Verifiability is one of the enhancing qualities that makes information useful; however,it is not one of the fundamental qualtities.
Hence first option is correct.
Verifiability is one of the enhancing qualities that makes information useful, however, it is not one...
Relevance and faithful representation are the two fundamental qualities that make accounting information useful for decision making. True False
Relevance and faithful representation are the two fundamental qualities that make accounting information useful for decision making. True False
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The fundamental qualitative characteristics of useful financial information are Relevance Faithful Representation A. Yes Yes B. No No C. Yes No D. No Yes
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