Which of the following are the two fundamental $\bold{characteristics}$ financial information must possess to be judged useful to decision makers?

Question

Quizplus · Accepted Answer

The two fundamental characteristics financial information must possess to be judged useful to decision makers are relevance and faithful representation. Relevance means that the information is capable of making a difference in a decision-making situation, while faithful representation means that the information is complete, neutral, and free from error.

Which of the Following Are the Two Fundamental characteristics\bold{characteristics}characteristics Financial Information Must Possess to Be Judged Useful to Decision

Which of the Following Are the Two Fundamental $\bold{characteristics}$ Financial Information Must Possess to Be Judged Useful to Decision