Which of the following hierarchy of qualities did Statement of Financial Accounting Concepts No.2 indicate as being most important?
A)Relevance
B)Reliability
C)Verifiability
D)Decision usefulness

Question

Quizplus · Accepted Answer

Statement of Financial Accounting Concepts No.2 indicated decision usefulness as being the most important quality. Relevance and reliability are important qualities as well, while verifiability is a component of reliability.

Which of the Following Hierarchy of Qualities Did Statement of Financial