Information is relevant if it reliably depicts the substance of an economic event.

Name: Information is relevant if it reliably depicts the substance of an economic event.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Relevance and faithful representation are separate qualitative characteristics of useful financial information. Relevance refers to the capacity of information to influence decisions, while faithful representation means accurately depicting the substance of an economic event.

Information Is Relevant If It Reliably Depicts the Substance of an Economic