Which one of the following is not a qualitative characteristic of useful accounting information?
A)relevance
B)verifiability
C)going concern
D)comparability

Question

Quizplus · Accepted Answer

Going concern is an accounting principle that assumes a company will continue in operation for the foreseeable future, rather than a qualitative characteristic of useful accounting information. The qualitative characteristics include relevance, verifiability, and comparability, among others, which help ensure the information meets users' needs.

Which One of the Following Is Not a Qualitative Characteristic