Characteristics associated with relevant accounting information are
A) comparability and timeliness.
B) predictive value and confirmatory value.
C) neutral and verifiable.
D) consistency and understandability.

Question

Quizplus · Accepted Answer

Relevant accounting information should have predictive value, allowing users to make predictions about future outcomes, and confirmatory value, enabling users to confirm or correct prior expectations.

Characteristics Associated with Relevant Accounting Information Are