The two primary qualities of accounting information to make it useful for decision making are:
A) reliability and comparability.
B) relevance and reliability.
C) materiality and comparability.
D) full disclosure and relevance.

Question

Quizplus · Accepted Answer

The two primary qualities of accounting information that make it useful for decision making are relevance and reliability. Relevant information is pertinent to the decision at hand and helps users assess past, present, and future events. Reliable information is accurate, dependable, and free from bias or errors. Materiality, comparability, and full disclosure are also important qualities of accounting information, but they are not the primary ones for decision making.

The Two Primary Qualities of Accounting Information to Make It