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Megan Swotek
on Nov 14, 2024

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Which one of the following is not an enhancing quality of useful information?

A) Timeliness
B) Understandability
C) Materiality
D) Comparability

Enhancing Quality

The process of implementing measures and practices that improve the quality of products, services, or processes.

Materiality

An accounting principle that means the significance of financial information to decision-making; insignificant details are disregarded.

Comparability

A characteristic of accounting information that allows users to analyze two or more periods of financial data or companies to identify trends and differences.

  • Recognize the enhancing qualities and constraints of useful financial information.
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Abbigail TinocoNov 19, 2024
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