Under Statement of Financial Accounting Concepts No.2, which of the following relates to both relevance and reliability?
A)Cost-benefit constraint
B)Predictive value
C)Verifiability
D)Representational faithfulness

Question

Quizplus · Accepted Answer

The cost-benefit constraint is a consideration that affects both relevance and reliability, as it involves weighing the benefits of information against the costs of providing it, impacting the decision usefulness of financial information.