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8090 [49]
2 years ago
10

The two primary decision-specific qualities that make accounting information useful are:________

Business
1 answer:
Trava [24]2 years ago
6 0

The most important decision-specific characteristics that make accounting information helpful are relevance and faithful depiction.

Accounting data is the information that is recorded in the books of accounts and is utilized by management to make decisions. Financial statements are created using this data.

The information provided should be pertinent to the financial statement users and aid in their decision-making. Users may rely on the reported information to develop their opinions and make decisions because dependability guarantees that correct information is reported. According to the feature of relevance, the information must be both confirmatory and predictive in order for users to make and assess economic decisions. The type and substance of information have an impact on its relevance. A depiction would need to have three qualities in order to be an exact replica. It would be whole, impartial, and error-free.

Learn more about accounting:

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Which of the following phrases effectively describes a business’s income statement
irina [24]

Answer:

Financial picture

Explanation:

The phrases is suitable because An income statement will give a general picture for stakeholders regarding the company's financial condition in the past year.

it consist of several important financial information that might influence investors to either  put their money into the businesses or simply abandoned it. Such as how much income that the company able to generate, the amount of expenses that the company have to pay for the operation, how much of the income is liquid, etc.

3 0
3 years ago
If there is a shortage in a rental market, what is expected? A. Rental prices to stay the same. B. Rental prices to be increasin
erastovalidia [21]

Answer:

Rental prices to be increasing until shortage is eliminated

Explanation:

If there is a shortage in the rental market, it means that quantity supply has reduced. This would lead to an excess of demand over supply which is known as a shortage. When there's a shortage, prices rise until the shortage ceases.

5 0
4 years ago
Example of the business that mainly belongs in the client service group is ​
dimulka [17.4K]

Answer:

Accounting, Landscaping, Cleaning

Explanation:

Client Serving Group include companies that provide a service and do not convert raw materials into finished goods or resale goods.These provide a unique product to the client.

5 0
3 years ago
Imagine that before black diamond initiated its greenfield venture in zhouhai, china, peter and wim asked for your advice. what
Nadya [2.5K]
<span>A green field investment or venture is a foreign direct investment known as FDI. If a company decides to go the FDI route, they are building their operations within a foreign country from start to finish. They will often build many distribution warehouses, offices and living areas for their workers that go to the foreign country to work or those within the foreign country working for the parent company. </span>
7 0
3 years ago
Read 2 more answers
Individuals cannot purchase health insurance policies directly from commercial insurance companies.
kozerog [31]

Answer:

True

Explanation:

Commercial insurance companies have sales department, in which insurance sales agents are responsible to sell health insurance policies to the individuals.

4 0
3 years ago
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