When independent measurers get similar results when using the same accounting measurement methods,the financial information is
A)relevant.
B)verifiable.
C)timely.
D)faithfully representeD.

Question

Quizplus · Accepted Answer

When independent measurers get similar results using the same accounting measurement methods, it means that the information is verifiable, or capable of being checked for accuracy. This is a characteristic of reliable financial information, as it can be confirmed by multiple sources and is not based solely on the opinions or judgments of the preparer. The other options, relevance, timeliness, and faithful representation, are also important characteristics of financial information, but they do not specifically relate to the idea of verifying accuracy through independent measurements.

When Independent Measurers Get Similar Results When Using the Same