Financial information that is provided to decision makers before it loses its capacity to influence their decisions is
A)neutral.
B)verifiable.
C)timely.
D)consistent.

Question

Quizplus · Accepted Answer

Timeliness is crucial as financial information loses its relevance as time passes. It is important to provide the information to the decision-makers in a timely manner so that they can make informed decisions based on accurate and up-to-date information. Neutral information is also important, but not as crucial as timely information in this context. Verifiability and consistency are important but not as critical as timeliness.

Financial Information That Is Provided to Decision Makers Before It