29 Company X issuing its annual financial reports within one month of the end of the year is an example of which enhancing quality of accounting information? ut of Select one: question a. Comparability. b. Understandability. C. Verifiability d. Timeliness. O on 30 An adjusting entry should never include a debit to an expense account and a credit to a liability account ed out of Select one: True question False on 31 Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes the ed out of question Select one: a. relevance characteristic b. consistency characteristic C. expense recognition principle. d. Revenue recognition principle