Relevance, one of the desirable qualities of accounting information, implies:\ a. the capacity of information should be based on five-year average historical data.\ b. the capacity of information to affect a decision.\ C. the capacity of information should be based on market expectations.\ d. that all companies should use same valuation methods such as LIFO and FIFO.

Relevance, one of the desirable qualities of accounting information, implies: O a the capacity of information should be based on five-year average historical data. b. the capacity of information to affect a decision. c. the capacity of information should be based on market expectations. O d. that all companies should use same valuation methods such as LIFO and FIFO.