Maltec Corporation has started placing its quarterly financial statements on its web page, thereby reducing by ten days the time to get information to investors and creditors. The qualitative concept improved is:
A)Comparability.
B)Consistency.
C)Relevance.
D)Reliability.

Question

Quizplus · Accepted Answer

The qualitative concept improved in this scenario is relevance as the faster dissemination of financial information makes it more timely and useful to investors and creditors in making their decisions. Comparability and consistency may also be affected by this change, but they are not the primary focus. Reliability is not mentioned as a factor in this scenario.

Maltec Corporation Has Started Placing Its Quarterly Financial Statements on Its