Which of the following is considered a pervasive constraint by Statement of Financial Accounting Concepts No. 8?
A) Conservatism
B) Timeliness
C) Verifiability
D) Cost-constraint

Question

Quizplus · Accepted Answer

Statement of Financial Accounting Concepts No. 8 considers cost-constraint to be a pervasive constraint on financial reporting, as entities must balance the cost of providing information with the benefits that users derive from it.

Which of the Following Is Considered a Pervasive Constraint by Statement