Which of the following is a constraint on financial reporting?
A) cost
B) timeliness
C) allocation of scarce resources
D) financial reports are not the only source of information

Name: Which of the following is a constraint on financial reporting? A) cost B) timeliness C) allocation of scarce resources D) financial reports are not the only source of information
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Question

Quizplus · Accepted Answer

Providing financial information imposes costs, and the benefits of providing the information should outweigh the costs.

Which of the Following Is a Constraint on Financial Reporting