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According to the FASB, the Usefulness of Accounting Is Judged

Question 114

Multiple Choice

According to the FASB, the usefulness of accounting is judged by which of the following two prime qualitative characteristics of accounting information?


A) Comparability and neutrality
B) Understandability and comparability
C) Verifiability and timeliness
D) Relevance and reliability

Correct Answer:

verifed

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