Relevant information may have the following kinds of value:
A)Timeliness and materiality
B)Comparability and consistency
C)Verifiability and neutrality
D)Predictive value and confirmatory value

Question

Quizplus · Accepted Answer

Relevant information in financial reporting is characterized by its predictive value and confirmatory value, which help users make decisions about the future and assess past predictions.

Relevant Information May Have the Following Kinds of Value