Which of the following is a constraint in financial reporting?
A) cost
B) comparability
C) consistency
D) going concern

Name: Which of the following is a constraint in financial reporting? A) cost B) comparability C) consistency D) going concern
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Question

Quizplus · Accepted Answer

Cost is a constraint in financial reporting because it limits the amount of information that can be provided. The benefits of reporting certain information must outweigh the costs associated with gathering, preparing, and disseminating it.

Which of the Following Is a Constraint in Financial Reporting