to be useful, accounting information must have the fundamental qualitative characteristics of: a…

to be useful, accounting information must have the fundamental qualitative characteristics of: a. comparability and relevance. b. relevance and faithful representation. c. faithful representation and timeliness. d. materiality and understandability.

to be useful, accounting information must have the fundamental qualitative characteristics of: a. comparability and relevance. b. relevance and faithful representation. c. faithful representation and timeliness. d. materiality and understandability.

Answer

Brief Explanations:

Accounting information's fundamental qualitative characteristics are relevance and faithful representation. Relevance means the information can influence users' decisions. Faithful representation ensures the information is complete, neutral, and free from error.

Answer:

B. relevance and faithful representation