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
C
You might also like to view...
Which of the following stages in a buying sequence will result in a specific option or set of options from which price, delivery, system compatibility, and other characteristics can be determined?
A) determine the characteristics B) establish specifications C) search for and qualify potential suppliers D) request proposals
Sybil agrees with Tyrone and other professional athletes to sign contracts with promoters and others on the athletes' behalf. Sybil is
a. an agent. b. an employee. c. an employer. d. a principal.
The coefficients of correlation and determination are two statistical measures of ____________________
Fill in the blank(s) with correct word
The dual variable represents the
a. marginal value of the constraint. b. right-hand-side value of the constraint. c. artificial variable. d. technical coefficient of the constraint.