Question: Match the enhancing characteristic with its definition: Enhancing Characteristic Definition 1. Comparability A. Different knowledgeable parties could reach a consensus that a particular depiction
Match the enhancing characteristic with its definition:
Enhancing Characteristic Definition
1. Comparability ………………………… A. Different knowledgeable parties could reach a consensus that a particular depiction is a faithful representation
2. Verifiability …………………………… B. Information is classified, characterized, and presented clearly
3. Timely …………………………………. C. Users of the financial statements can identify and understand similarities and differences between different entities
4. Understandable………………………… D. Information is available to financial statements users soon enough to be useful
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