The pervasive criterion by which accounting information can be judged is that of
A) decision usefulness.
B) freedom from bias.
C) timeliness.
D) comparability.

Question

Quizplus · Accepted Answer

Decision usefulness is the most pervasive criterion for judging accounting information, as it indicates whether the information is relevant and reliable enough to help users make informed decisions. The other criteria (freedom from bias, timeliness, and comparability) are also important, but they are subsumed under the broader notion of decision usefulness.

The Pervasive Criterion by Which Accounting Information Can Be Judged