Baxter Company issues its annual financial reports within one month of the end of the year. This is an example of which enhancing quality of accounting information?
A) confirmatory value
B) relevance
C) verifiability
D) timeliness

Question

Quizplus · Accepted Answer

Timeliness refers to providing information to users quickly enough for it to be useful in decision-making, which is demonstrated by Baxter Company issuing its reports within one month.

Baxter Company Issues Its Annual Financial Reports Within One Month