Question: 17. When preparing nancial reports 'users are assumed to have a reasonable knowledge of the business and economic activities and accounting and a willingness to

17. When preparing nancial reports 'users are assumed to have a

17. When preparing nancial reports 'users are assumed to have a reasonable knowledge of the business and economic activities and accounting and a willingness to study the information with reasonable diligence'. This statement is consistent with the qualitative characteristic of: A. materiality. B. faithful representation. C. understandability. D. comparabilitv

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