The qualitative characteristic that says the value of information should exceed the cost of preparing it is called
A)relevance.
B)understandability.
C)cost constraint.
D)verifiability.

Question

Quizplus · Accepted Answer

The cost constraint principle in accounting states that the benefit of providing the financial information should outweigh the cost that comes with preparing it. This ensures that the information provided is useful to the users without being excessively burdensome to produce.

The Qualitative Characteristic That Says the Value of Information Should