You want to improve the qualitative characteristics of your firms financial statements. Which of the following options would most likely improve the timeliness of your companys financial statements?
A. increasing the number of disclosures
B. changing the timing of when revenues are recognized
C. increasing the frequency of statements from annually to quarterly
D. decreasing the useful life of property, plant and equipment from ten years to five
Answer:C
You want to improve the qualitative characteristics of your firms financial statements. Which of the following options would most likely improve the timeliness of your companys financial statements?
A. increasing the number of disclosures B. changing the timing of when revenues are recognized C. increasing the frequency of statements from annually to quarterly D. decreasing the useful life of property, plant and equipment from ten years to five