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Which of the following is an over-arching constraint by Statement of Financial Accounting Concepts No. 8 as related to the qualities of accounting information? Verifiability
Which of the following is an over-arching constraint by Statement of Financial Accounting Concepts No. 8 as related to the qualities of accounting information?
Verifiability | ||
Timeliness | ||
Conservatism | ||
Cost |
Under Statement of Financial Accounting Concepts No. 8, timeliness is an ingredient of the primary quality of
Relevance - yes; Faithful Representation - no | ||
Relevance - no; Faithful Representation - yes | ||
Relevance - yes; Faithful Representation - yes | ||
Relevance - no; Faithful Representation - no |
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