Relevance is sometimes sacrificed for:
A) Reliability.
B) Comparability
C) Objectivity.
D) Conservatism.

Question

Quizplus · Accepted Answer

The principle of conservatism favors caution and prudence by avoiding overstatement of assets and gains while recognizing all losses and liabilities immediately. This principle may prioritize reliability over relevance, as the need for accurate reporting may be more important than the timeliness of reporting. Therefore, relevance may be sacrificed for conservatism.

Relevance Is Sometimes Sacrificed For