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Which overriding qualitative characteristics of accounting

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Reference no: EM133002180

Problem 1: When information about two different entities engaged un the same industry has been prepared and presented in similar manner, the information exhibits the enhancing qualitative characteristic of

a. Comparability
b. Relevance
c. Faithful representation
d. Consistency

Problem 2: Which of the following is a fiscal year?

a. Jan 1, 2020 to Dec 31, 2020
b. September 1, 2020 to August 31, 2021
c. May 30, 2020 to Nov. 30, 2020
d. March 2, 2020 to April 30, 2021

Problem 3: The overriding qualitative characteristics of accounting information is

a. Relevance
b. Decision usefulness
c. Faithful representation
d. Understandability

Reference no: EM133002180

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