8. Accounting information is considered to be relevant when it a. is complete, neutral, and free from material error b. is capable of making a difference in a decision. is understandable by reasonably informed users of accounting information d. is verifiable and complete. C 9. Which of the following element of financial statements is not a component of comprehensive income? a. Revenues b. Expenses C. Losses d. Distributions to owners 10. Where information asymmetry exists, the capital market may attract the wrong kind of company, This is known as conservative accounting. b. an inefficient marketplace adverse selection d moral hazard