Which of the following is $\bold{not}$ a limitation of accounting information?
A)its objective nature
B)its subjective nature.
C)the use of historical data to predict future events.
D)the time delay from when events take place and their reporting.

Question

Quizplus · Accepted Answer

The objective nature of accounting information is not a limitation, but rather a strength, as it allows for consistency and comparability in financial statements. The other options are all limitations, as subjective judgments can influence financial reporting, historical data may not accurately predict future events, and there can be a time delay in reporting events.

Which of the Following Is not\bold{not}not A Limitation of Accounting Information? A)its Objective Nature B)its Subjective

Which of the Following Is $\bold{not}$ A Limitation of Accounting Information?
A)its Objective Nature
B)its Subjective