Asked by
emily grace
on Nov 15, 2024Verified
Accounting information should be neutral in order to enhance
A) faithful representation.
B) materiality.
C) comparability.
D) understandability.
Accounting Information
The data related to the financial transactions and status of a business that is used for reporting purposes.
Faithful Representation
A qualitative characteristic of financial information that ensures the information depicts the economic phenomenon it intends to represent, without error or bias.
- Appreciate the qualitative characteristics of useful financial information.
Verified Answer
CL
Learning Objectives
- Appreciate the qualitative characteristics of useful financial information.