In order for accounting information to be useful in making informed decisions, it must be:
A) relevant.
B) reliable.
C) both relevant and reliable.
D) neither relevant nor reliable.

Question

Quizplus · Accepted Answer

Accounting information must be both relevant and reliable to be useful for decision-making. Relevance ensures the information is applicable to the decision at hand, while reliability ensures it is accurate and trustworthy.

In Order for Accounting Information to Be Useful in Making