Characteristics of useful information include ________.
A)rationality and reliability
B)comparability and consistency
C)materiality and conservatism
D)comprehensive and complete

Question

Quizplus · Accepted Answer

Comparability and consistency are important because they allow for meaningful comparisons over time and with other entities. Materiality and conservatism are concepts related to financial reporting and decision making, but may not apply to all types of information. Rationality and reliability are desirable qualities, but may not be essential for all types of information. Comprehensive and complete information is ideal, but may not always be practical or necessary.

Characteristics of Useful Information Include ________