You want to improve the qualitative characteristics of your firm's financial statements.Which of the following options would MOST likely improve the timeliness of your company's financial statements?
A)increasing the number of disclosures
B)changing the timing of when revenues are recognized
C)increasing the frequency of statements from annually to quarterly
D)decreasing the useful life of property, plant and equipment from ten years to five

Question

Quizplus · Accepted Answer

Increasing the frequency of statements from annually to quarterly would improve timeliness by providing more up-to-date financial information.

You Want to Improve the Qualitative Characteristics of Your Firm's