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lidiya [134]
1 year ago
9

To be useful for decision making, information should possess the fundamental qualities of relevance and.

Business
1 answer:
Nitella [24]1 year ago
7 0

To be useful for decision making, information should possess the fundamental qualities of relevance and  <u>Faithful representation</u>.

<h3>What is  faithful representation?</h3>

Faithful representation can be defined as the financial accounting concept that stated a company financial position which they present should be correct with what the company has as their financial statement.

It is paramount that a company a financial statement is accurate  to what they present in the financial statement  and  should not be compromise.

Therefore To be useful for decision making, information should possess the fundamental qualities of relevance and  <u>Faithful representation</u>.

Learn more about  Faithful representation here:brainly.com/question/14506917

#SPJ1

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Answer:  A public cloud

     

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3 years ago
_____-is the cost of the merchandise that the merchandiser has sold.
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It should be the price right?

7 0
3 years ago
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Answer:

Indirect taxes

Explanation:

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6 0
2 years ago
A company’s production budget requires the following units of a single product for the upcoming year: 1st quarter 60,000 units 2
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Answer:

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Explanation:

A Purchase Budget is required to determine the quantities and cost of purchases required for use in production.

Materials Purchase Budget for Second Quarter (Pounds)

Budgeted Production Materials (80,000 x 2)                    160,000

Add Budgeted Closing Materials (90,000 x 2 x 25%)        45,000

Total Materials                                                                     205,000

Less Budgeted Opening Materials (80,000 x 2 x 25%)    (40,000)

Budgeted Material Purchase (pounds)                               165,000

Therefore,

Budgeted purchases of material for the second quarter would be 165,000 pounds

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