Accounting information is considered to be relevant when it Question 1 options: a) can be depended on to represent the economic conditions and events that it is intended to represent. b) is verifiable and neutral. c) is understandable by reasonably informed users of accounting information. d) is capable of making a difference in a decision. Question 2 (1 point) Listen A local businessman owns several different companies. His accountant prepares separate financial statements for each of these businesses. This is an application of the Question 2 options: a) going concern assumption. b) economic entity assumption. c) full disclosure principle. d) periodicity assumption