Which of the Following Statements Most Accurately Reflects the Qualitative

Multiple Choice

Which of the following statements most accurately reflects the qualitative characteristics of financial information in the IASB Conceptual Framework?

A) These attributes or qualities determine whether an entity is considered to be a reporting entity.
B) These are attributes or qualities that financial information should possess if it is to be useful for such decision making.
C) These attributes or qualities satisfy the definition of elements in the financial reports.
D) All of the given answers are correct.