Which of the following standards is related to the qualitative characteristic of neutrality?
A)Quantifiability
B)Freedom from bias
C)Usefulness
D)Objectivity

Question

Quizplus · Accepted Answer

Neutrality is a qualitative characteristic of accounting information, which means it must be free from bias to be reliable and useful for decision-making. "Freedom from bias" directly relates to the concept of neutrality, ensuring that information is presented fairly without trying to influence the decision-making process in a predetermined direction.

Which of the Following Standards Is Related to the Qualitative