If financial information is relevant, this means that
A)The information is prepared using the same accounting procedures from one accounting period to the next.
B)Decision makers can depend on it.
C)The financial statements have not been prepared according to GAAP.
D)Users are able to compare different companies, if all the companies use similar accounting practices.
E)It can affect the types of decisions made by users.

Question

Quizplus · Accepted Answer

Relevant financial information is capable of influencing the decisions of users by helping them evaluate past, present, or future events or confirming or correcting their past evaluations.

If Financial Information Is Relevant, This Means That