In order for accounting information to be relevant, it must
A) have very little cost.
B) have predictive or confirmatory value.
C) be comparable.
D) be used by a lot of different firms.

Question

Quizplus · Accepted Answer

Relevant accounting information is that which can influence economic decisions of users by helping them evaluate past, present, or future events (predictive value) or confirm or correct their past evaluations (confirmatory value).

In Order for Accounting Information to Be Relevant, It Must