Under the framework financial information that assists in either confirmation of past predictions or in making new predictions is:
A) relevant
B) timely
C) comparable
D) none of the above

Question

Quizplus · Accepted Answer

Financial information that assists in either confirmation of past predictions or in making new predictions is relevant, as it is directly related to the predictions being made. Timeliness and comparability are also important factors in financial information, but they do not specifically relate to predicting future financial outcomes.

Under the Framework Financial Information That Assists in Either Confirmation