Multiple Choice
Which of the following actions best describes the qualitative characteristic "relevance"?
A) The financial report of KMC Ltd was audited by one of the Big 4 four accounting firms.
B) DGC limited provides quarterly financial reports.
C) MCB Ltd and DGC Ltd both use accelerated depreciation method.
D) GEP Ltd did not revalue its intangible assets because it was difficult to obtain the fair value of the assets.
E) None of the given answers.
Correct Answer:
Answered by ExamLex AI
Correct Answer:
Answered by ExamLex AI
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