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  3. Study Set
    Fundamental Accounting Principles Study Set 7
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    Exam 1: Accounting in Business
  5. Question
    Accounting Information Is Considered to Be Relevant When It
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Accounting Information Is Considered to Be Relevant When It

Question 1

Question 1

Multiple Choice

Accounting information is considered to be relevant when it


A) Is capable of making a difference in a decision.
B) Is understandable by reasonably informed users of accounting information.
C) Can be depended on to represent the economic conditions and events that it is intended to represent.
D) Is verifiable and neutral.
E) Is free from bias.

Correct Answer:

verifed

Verified

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