Match the enhancing characteristic with its definition: Enhancing Characteristic Definition 1. Comparability A. Different knowledgeable parties

Question:

Match the enhancing characteristic with its definition:
Enhancing Characteristic Definition
1. Comparability ………………………… A. Different knowledgeable parties could reach a consensus that a particular depiction is a faithful representation
2. Verifiability …………………………… B. Information is classified, characterized, and presented clearly
3. Timely …………………………………. C. Users of the can identify and understand similarities and differences between different entities
4. Understandable………………………… D. Information is available to users soon enough to be useful
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...