Disclosing the market value of a short-term investment is an example of which of the following characteristics of accounting information?
A)Relevance
B)Timeliness
C)Neutrality
D)Consistency

Question

Quizplus · Accepted Answer

The market value of a short-term investment is relevant information as it helps users of financial statements make informed decisions about the investment. Timeliness, neutrality, and consistency may also be important characteristics of accounting information, but they are not directly applicable in this scenario.

Disclosing the Market Value of a Short-Term Investment Is an Example