The following is a qualitative characteristic of accounting information:
A) timeliness
B) feedback value
C) neutrality
D) decision usefulness.

Question

Quizplus · Accepted Answer

Decision usefulness is a qualitative characteristic of accounting information that indicates the information provided in the financial statements should be relevant and useful to the decision-making needs of the users. Timeliness, feedback value, and neutrality are also qualitative characteristics but do not directly relate to the usefulness of information for decision making.

The Following Is a Qualitative Characteristic of Accounting Information