Which of the following statements about relevant accounting information is true?
A) Predictive value helps decision makers confirm or correct earlier expectations.
B) Predictive value implies that accounting data should portray the true nature of a business's economic resources, obligations, and transactions.
C) Relevant information is provided to decision makers in a time frame that will influence their decisions.
D) Feedback value allows a user to forecast future occurrences from a current situation.
E) Information that is provided to stockholders within one month of its occurrence would always be considered timely.

Question

Quizplus · Accepted Answer

Relevant information must be provided in a timely manner to influence decision-making; it does not necessarily have to be within one month as timeliness can vary depending on the context and nature of the decision.

Which of the Following Statements About Relevant Accounting Information Is