The Qualitative Characteristics Describe the Attributes That Enhance the Usefulness

Multiple Choice

The qualitative characteristics describe the attributes that enhance the usefulness of financial reporting information.The FASB's conceptual framework sets forth the qualitative characteristic of _____ that refers to financial reporting that treats similar items the same way and different items differently.Consistency refers to financial reporting that treats an item the same way over time.

A) relevance
B) reliability
C) comparability
D) materiality
E) understandability