tion 24 Which of the following is a major challenge facing the accounting profession? et ered ed out of Select one: Flag question a. Timeliness b. Non Financial measurements. C. all are correct d. Forward-looking information n 25 Accrued revenue before adjusting entries can best be described as an amount ed out of g question Select one: a. Not received and reported on the Statement of financial position b. received and reported on the balance sheet C. received and reported on the income statement d. Not received and not reported on the Statement of financial position Previous on 26 Company X issuing its annual financial reports within Few days after the end of the year is an example of which quality of accounting information? ed out of Select one: a. Understandability b. Verifiability C. Timeliness d. Comparability