menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Issues in Financial Accounting Study Set 1
  4. Exam
    Exam 2: The Conceptual Framework: Purpose, reporting Entity, the Objective of Financial Reporting, and Qualitative Characteristics
  5. Question
    Which of the Following Is a Characteristic of Financial Information
Solved

Which of the Following Is a Characteristic of Financial Information

Question 9

Question 9

Multiple Choice

Which of the following is a characteristic of financial information as suggested by the American Accounting Association?


A) Faithful Representation
B) Reliability
C) Relevance
D) Consistency

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Which of the following is not a

Q5: The IASB Framework defines the objective of

Q6: List and briefly explain the four fundamental

Q7: The major beneficiary from the development of

Q8: Which qualitative characteristic of financial information focuses

Q10: Financial statements prepared by non-reporting entities are

Q11: Assisting the users to assess the amount,timing

Q12: The elements of financial statements,as outlined in

Q13: What are the two aspects related to

Q14: Which term defines a 'financial report intended

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines