Which statement is correct regarding enhancing qualitative characteristics?
A. Full discussion of the information presented is a substitute for comparable information.
B. Numbers that are easily verifiable with a reasonable degree of accuracy are called soft numbers.
C. Information must be available before it loses its ability to influence users decisions.
D. Financial information must be of sufficient quality and clarity that even uninformed readers can understand it.
Answer:C
Which statement is correct regarding enhancing qualitative characteristics?
A. Full discussion of the information presented is a substitute for comparable information. B. Numbers that are easily verifiable with a reasonable degree of accuracy are called soft numbers. C. Information must be available before it loses its ability to influence users decisions. D. Financial information must be of sufficient quality and clarity that even uninformed readers can understand it.