Accounting information should provide a fair and complete representation about a number of a firm's characteristics, which of the following is not one of those characteristics?
A) risk
B) position
C) performance
D) conservatism

Question

Quizplus · Accepted Answer

Conservatism is an accounting principle that guides the accountant to record expenses and liabilities as soon as possible, but to delay the recognition of revenues or assets until they are certain. It is not among the characteristics that accounting information should provide a fair and complete representation about.

Accounting Information Should Provide a Fair and Complete Representation About