Which of the following is an underlying condition that in part creates the demand by users for reliable information?
A)Economic transactions that are numerous and complex
B)Decisions are time-sensitive
C)Users separated from accounting records by distance and time
D)Financial decisions that are important to investors and users
E)All of these

Question

Quizplus · Accepted Answer

All of these factors create a demand for reliable information. Numerous and complex economic transactions require accurate financial information to be able to make informed decisions. Time-sensitive decisions require timely and up-to-date information. Distance and time separation means that the accounting records may not be easily accessible and reliable information is necessary for decision-making. Financial decisions that are important to investors and users require accurate and trustworthy information to maintain confidence in the financial system.

Which of the Following Is an Underlying Condition That in Part