Connor Corporation hired a new accountant. Over the next four years, the accountant used four different accounting methods to depreciation for Connor's equipment. Which of the following qualities of useful information has Connor most likely violated?
A) Comparability
B) Relevance
C) Faithful representation
D) Consistency

Question

Quizplus · Accepted Answer

The accountant's use of different depreciation methods over the years violates the consistency quality, as consistency requires using the same accounting methods over time to ensure comparability of financial information.

Connor Corporation Hired a New Accountant