Presented below are the qualitative characteristics of information contained in general-purpose financial reports.
a. relevance
b. reliability
c. comparability
d. understandability
Identify the qualitative characteristic that fits the statement below:
-Information in general-purpose financial reports should be_____________ to users who have the proficiency to comprehend the significant accounting practices.

Question

Presented below are the qualitative characteristics of information contained in general-purpose financial reports. 
a. relevance
b. reliability
c. comparability
d. understandability
Identify the qualitative characteristic that fits the statement below:
-Information in general-purpose financial reports should be_____________ to users who have the proficiency to comprehend the significant accounting practices.

Quizplus · Accepted Answer

The Answer of Presented below are the qualitative characteristics of information contained in general-purpose financial reports. 
a. relevance
b. reliability
c. comparability
d. understandability
Identify the qualitative characteristic that fits the statement below:
-Information in general-purpose financial reports should be_____________ to users who have the proficiency to comprehend the significant accounting practices.

Presented Below Are the Qualitative Characteristics of Information Contained in General-Purpose