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Relevance, One of the Desirable Qualities of Accounting Information, Implies

Question 1

Multiple Choice

Relevance, one of the desirable qualities of accounting information, implies:


A) the capacity of information should be based on five-year average historical data.
B) the capacity of information to affect a decision.
C) the capacity of information should be based on market expectations.
D) that all companies should use same valuation methods such as LIFO and FIFO.

Correct Answer:

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