If financial information is relevant, this means that
A) decision makers can depend on it
B) it can affect the types of decisions made by users
C) the information is prepared using the same accounting procedures from one accounting period to the next
D) users are able to compare different companies, if all the companies use similar accounting practices
E) the financial statements have not been prepared according to GAAP

Question

Quizplus · Accepted Answer

Relevant financial information is capable of making a difference in the decisions made by users by helping them evaluate past, present, or future events or confirming or correcting their past evaluations.

If Financial Information Is Relevant, This Means That