Accounting information is considered to be relevant when it
A. can be depended on to represent the economic conditions and events that it is intended to represent.
B. is capable of making a difference in a decision.
C. is understandable by reasonably informed users of accounting information.
D. is verifiable and neutral.
Answer:B
Accounting information is considered to be relevant when it
A. can be depended on to represent the economic conditions and events that it is intended to represent. B. is capable of making a difference in a decision. C. is understandable by reasonably informed users of accounting information. D. is verifiable and neutral.