Asked by

Gerard Caingcoy
on Oct 23, 2024

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Which of the following statements about relevant information is/are true?
i. For information to be relevant, it must relate to the future.
ii. For information to be relevant, it must differ between the alternatives.
iii. For information to be relevant, it must be completely accurate.

A) i
B) i and ii
C) i and iii
D) All of the given answers

Relevant Information

Data or facts that can influence decision-making processes, typically because it is current, accurate, and directly relates to the matter at hand.

Completely Accurate

A term indicating that information is free from errors and precisely correct in every detail.

Future

A term referring to the time or a period that is yet to come, often used in the context of planning or forecasting.

  • Learn the value and idea of pertinent details in the decision-making aspect of accounting.
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Destinee S. McCoyOct 28, 2024
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