Information is understandable when it is understood by users
A) who have a reasonable understanding of financial reporting.
B) who have a reasonable knowledge of business and economic activities.
C) because the information provided is classified, and presented clearly and concisely.
D) all of the above.

Question

Quizplus · Accepted Answer

Information is considered understandable when it is clear, concise, and presented in a way that users with a reasonable understanding of financial reporting and knowledge of business and economic activities can comprehend it.

Information Is Understandable When It Is Understood by Users