Which of the following is not an enhancing qualitative characteristic?
A)verifiability
B)faithful representation
C)comparability
D)timeliness

Question

Quizplus · Accepted Answer

Faithful representation is a fundamental qualitative characteristic of financial information, not an enhancing one. Enhancing qualitative characteristics, such as verifiability, comparability, and timeliness, are supplementary to the fundamental qualitative characteristics (relevance and faithful representation) and serve to improve the usefulness of financial information.

Which of the Following Is Not an Enhancing Qualitative Characteristic