The two main qualities that make accounting information useful for decision making are ________ and ________.
A)relevance and reliability
B)relevance and faithful representation
C)understandability and verifiability
D)comparability and consistency
E)timeliness and reliability

Question

Quizplus · Accepted Answer

Relevance and faithful representation are the two primary qualities that make accounting information useful for decision-making. Relevance ensures the information makes a difference in decision-making, while faithful representation means the information accurately reflects the economic phenomena it purports to represent.

The Two Main Qualities That Make Accounting Information Useful for Decision