Presented below are four concepts. Please match each one with the correct scenario. Relevance Reliability Comparability Consistency
Question:
Relevance Reliability Comparability Consistency
_____ Hotel Del Sol uses the Uniform System of Accounts so that it can assess how it is performing financially against like hotels.
_____ Hotel Del Sol uses the straight line method for its depreciation and is expected to use this method in the succeeding years.
_____ The controller at Hotel Del Sol provides information that is timely and has feedback and predictive value.
_____ The controller and her staff at Hotel Del Sol check their work to make sure it is accurate.
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Related Book For
Hospitality Financial Accounting
ISBN: 978-0470083604
2nd Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
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