Question

Q.5 Which of the following qualitative characteristic means decision-makers must interpret accounting information in the same sense as it isprepared and conveyed to them? *O RelevanceUnderstandabilityO comparability0Reliability​

Answer 1

Answer:

According to the framework, qualitative characteristics are the attributes that meet the decision usefulness of financial information. The framework listed these attributes as; relevance, faithful representation, comparability, understandability, verifiability and timeliness.

Explanation:

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