In order for accounting information to be relevant, it must
A)have very little cost.
B)help predict future events or confirm prior expectations.
C)be verifiable.
D)be used by a lot of different organizations.

Question

Quizplus · Accepted Answer

Relevant accounting information is that which is capable of making a difference in a decision-making process by helping users to predict future outcomes or confirm past evaluations. It does not necessarily have to be low-cost, widely used by different organizations, or verifiable to be considered relevant.

In Order for Accounting Information to Be Relevant, It Must