Question: A judgment concerning whether an items size (usually a dollar amount) is large enough to matter to decision-makers describes a.faithful representation b.materiality c.full disclosure d.consistency

A judgment concerning whether an items size (usually a dollar amount) is large enough to matter to decision-makers describes

a.faithful representation

b.materiality

c.full disclosure

d.consistency

consistency

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Exercise 3-20 The following are characteristics, assumptions, principles, or constraints that guide the FASB when it creates accounting standards. Relevance Faithful representation Comparability...

Q:

Excel format for answer, please Brief Exercise 3-02 Gee Company accumulates the following adjustment data at December 31. Indicate the type of adjustment (prepaid expense, accrued revenue, and so...

Q:

Excel format for answer, please Brief Exercise 3-14 Here are some qualitative characteristics of useful accounting information: 1. Predictive value. 2. Neutral. 3. Verifiable. 4. Timely. Match each...

Q:

The following characteristics, assumptions, principles, or constraint guide the FASB when it creates accounting standards. Relevance Faithful representation Comparability Consistency Monetary unit...

Q:

Question 7 of 7 :-/12 The following characteristics, assumptions, principles, or constraint guide the FASB when it creates accounting standards. Relevance Faithful representation Comparability...

Q:

Relevance Faithful representation Comparability Consistency Monetary unit assumption Economic entity assumption Expense recognition principle Time period assumption Going concern assumption...

Q:

Q. 1) The following characteristics, assumptions, principles, or constraint guide the FASB when it creates accounting standards: Expense recognition principle Time period assumption Going concern...

Q:

Exercise 3-24 The following characteristics, assumptions, principles, or constraint guide the FASB when it creates accounting standards. Relevance Faithful representation Comparability Consistency...

Q:

The following are characteristics, assumptions, principles, or constraints that guide the FASB when it creates accounting standards Relevance Faithful representation Comparability Consistency...

Q:

Assignment Exercise 3-24 rk The following characteristics, assumptions, principles, or constraint guide the FASB when it creates accounting standards. Relevance Faithful representation Comparability...

Q:

Calculate the days in inventory for Oakley, Inc. (Round days in inventory to 0 decimal places, e.g. 125.) Days in inventory enter days in inventory rounded to the nearest whole days

Q:

You are considering an investment in asset J. The actual rate of return is 12%. The following probability table sets out the chance of each event occurring: Best possible outcome 20% Most likely...

Q:

As president of R Corp. your finance people tell you that R Corp is optimally financed at 4 5 % debt and 5 5 % common stock. In addition, they tell you the cost of existing common stock is 9 . 0 0 %...

Q:

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...