When preparing responsibility reports,an accountant should remember that the utility of information tends to decrease with the length of time required to prepare and disseminate the information.

Question

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This statement is true. As time passes, the relevance and usefulness of the information presented in responsibility reports may diminish. Therefore, it is important for an accountant to prepare and disseminate such reports in a timely manner so that decision-makers can use the information to make informed decisions.

When Preparing Responsibility Reports,an Accountant Should Remember That the Utility