Neutrality of information in the financial statements most closely contributes to which qualitative characteristic? A. Relevance. B.
Question:
Neutrality of information in the financial statements most closely contributes to which qualitative characteristic?
A. Relevance.
B. Understandability.
C. Faithful representation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The answer is C Faithful Representation The concept of neutrality is a key component of the qualitat...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
Question Posted:
Students also viewed these Business questions
-
Neutrality of information in the financial statements most closely contributes to which qualitative characteristic? Comparability Relevance Readability Faithful representation
-
Have a look at Exhibit 11.1: why do you think there is such an emphasis on the qualitative aspects of information in the Framework for the Preparation and Presentation of Financial Statements?...
-
The following selected items relate to the qualitative characteristics of useful fi nancial information discussed in this chapter: 1. Comparability 2. Completeness 3. Confirmatory value 4. Cost...
-
ABC Company produces mode trains. During the month of July, it produced 4,000 trains. The actual labor hours were 8 hours per train. Its standard labor hours are 10 hours per train. The standard...
-
To participate in this discussion please complete the following steps: Research the topic of risk assessment especially as it relates to Industrial Control Systems Within the discussion board for...
-
Ian retired in June of 2019 at the age of 71. Ians retirement account was valued at $490,000 at the end of 2018 and $500,000 at the end of 2019. He has had all of his retirement accounts open for 15...
-
Why do short-term decisions have long-term implications for an organisation?
-
Granger Service Company, Inc., was organized by Ted Granger and five other investors. The following activities occurred during the year: a. Received $70,000 cash from the investors; each was issued...
-
Can writers use "I" in a persuasive essays? (a) Yes, but writers should be aware that inserting "I" into a sentence too much can shift the focus of the sentence from the topic of the paper to them....
-
Valuing assets at the amount of cash or equivalents paid or the fair value of the consideration given to acquire them at the time of acquisition most closely describes which measurement of financial...
-
The assumption that the effects of transactions and other events are recognized when they occur, not when the cash flows occur, is called: A. relevance. B. accrual basis. C. going concern.
-
One way to support farm prices is to induce an artificial shortage with a marketing quota policy. Explain how a marketing quota policy operates.
-
Consumers view chicken thighs and chicken breasts as distinct products. However, poultry farmers must produce chicken thighs in order to produce chicken breasts, and vice versa. The graph below...
-
9.3 A turbine unit receives air at I bar and gas 300K and compresses it adia batically at to 6.2 issor efficiency is bar. The compressor e has a 88% The fuel and the fuel -*3/kg and heating valve of...
-
9.4 The stroke and cylinder diameter of a Compression ignition engine. are 250mm and 150 mm respectively. If the clearence volm is 0.0004-m and fuel injection takes place at constant pressure for 5...
-
Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 31 Direct materials 276,660 Aug. 31 Goods finished 160,530 31 Direct labor 32,500 31 Factory overhead Factory...
-
2. A ductile bar of AISI 1030 hot-rolled steel bar has a minimum yield strength in tension and compression of 37.5 kpsi. Using the distortion-energy and maximum-shear-stress theories determine the...
-
a. The partnership of Carol and Jack began with the partners investing $5,000 and $3,000, respectively. At the end of the first year, the partnership earned net income of $7,800. Under each of the...
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
In your opinion, is human nature closer to McGregor's Theory X or Theory Y? Or somewhere in between?
-
Read Partnerships among Lebanese Nonprofit Organizations: Assessing the Impact on Human Resource Capacity by KhaldounAbouAssi and Jo Suyoen. What did the authors research reveal about the impact of...
-
Read Leadership and Volunteer Motivation: A Study Using Self-Determination Theory by Jeannette Oostlander, StefamGimtert, Susan van Schie and Theo Wehner. Explain how the authors define partnerships...
-
On January 1, 2021, the general ledger of Tripley Company included the following account balances: Accounts Debit Credit Cash $286,000 Accounts receivable 76,000 Allowance for uncollectible accounts...
-
M12-14. Time Value of Money: Basics Using the equations and tables in Appendix 12A of this chapter, determine the answers to each of the following independent situations: a. The future value in three...
-
Adjust the Cash Balance We obtain the following 2018 forecasts of selected financial statement li $ millions 2017 Actual 2018 Est. $688,555 $720,440 Net Sales Marketable securities 67,096 62,096...
Study smarter with the SolutionInn App