163. Relevant accounting information A) is information that has been audited. B) must be reported within the operating cycle or one year, whichever is longer. C) has been objectively determined. D) is information that is capable of making a difference in a business decision.

Question

Quizplus · Accepted Answer

Relevant accounting information is any information that has the ability to impact a business decision. It does not necessarily need to be audited or objectively determined, and there is no specific time frame for when it must be reported.

163. Relevant Accounting Information