To faithfully represent what occurs, accounting information needs to be all except for which of the following?
A) complete
B) free from error
C) neutral
D) timely

Question

Quizplus · Accepted Answer

Timeliness is important for decision-making but does not directly affect the faithful representation of accounting information, which focuses on being complete, neutral, and free from error.

To Faithfully Represent What Occurs, Accounting Information Needs to Be