The qualitative characteristics describe the attributes that enhance the usefulness of financial reporting information.The IASB's conceptual framework sets forth the qualitative characteristic of _____ which refers to the attribute that users of financial reports will perceive the significance of a reported item to their decisions.Such perception involves comprehending the economic effects of a firm's actions and the measurement and reporting of those economic effects in the financial reports.
A)relevance
B)reliability
C)comparability
D)materiality
E)understandability

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The Answer of The qualitative characteristics describe the attributes that enhance the usefulness of financial reporting information.The IASB's conceptual framework sets forth the qualitative characteristic of _____ which refers to the attribute that users of financial reports will perceive the significance of a reported item to their decisions.Such perception involves comprehending the economic effects of a firm's actions and the measurement and reporting of those economic effects in the financial reports.
A)relevance
B)reliability
C)comparability
D)materiality
E)understandability

The Qualitative Characteristics Describe the Attributes That Enhance the Usefulness