For accounting information to be relevant,it should possess which of the following characteristics?
A)Predictive value,confirmatory value,and/or materiality.
B)Large in amount and timely.
C)Comparability or consistency.
D)Verifiability.

Question

Quizplus · Accepted Answer

Relevant accounting information should have predictive value, which means that it can help users make assumptions about future events. It should also have confirmatory value, which means that it provides feedback about previous predictions. Additionally, it should be material, meaning that it has the potential to affect decisions made by users of the information.

For Accounting Information to Be Relevant,it Should Possess Which of the Following