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For Financial Information to Be Useful It must\bold{must} Possess the Following Characteristics:
A)Must Be Relevant and Faithfully Represent

Question 21

Multiple Choice

For financial information to be useful it must\bold{must} possess the following characteristics:


A) Must be relevant and faithfully represent the underlying business.
B) Must be faithful and accurate.
C) Must be timely and verifiable.
D) Must be relevant and comparable

Correct Answer:

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