Asked by
Kayla Wallace
on Nov 14, 2024Verified
If accounting information has relevance it is useful in making predictions about
A) future tax audits.
B) new accounting principles.
C) foreign currency exchange rates.
D) the future events of a company.
Relevance
The quality of information that makes it useful for decision-making, implying that the information has the ability to influence the decisions of its users.
Future Events
Instances or occurrences that have not yet happened but are expected or anticipated to occur.
- Grasp the concepts of relevance and faithful representation in financial reporting.
Verified Answer
JS
Learning Objectives
- Grasp the concepts of relevance and faithful representation in financial reporting.
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