According to the FASB conceptual framework, the rele-vance of providing information in financial statements is subject to the constraint of:a. Comparability.

b. Cost-benefit.

c. Reliability.

d. Faithful representation.

Answers

Answer 1

Answer:

Answer:

B. Cost-Benefit

Explanation:

According to the Financial Accounting Standard Board (FASB) framework, it is important to estimate the cost and benefit of information before deciding the relevance of the information. It decides when to disclose and whether to disclose the information

Once, the cost of such information outweighs the benefits of its disclosure then FASB framework terms it as not relevant.

Cost of Information

Financial reporting through the preparation of financial statements has a cost, these costs include provision, preparation as well as the audit of the information provided. The cost-benefit constraint basically intends to ensure that financial statements are most-effectively and most-efficiently prepared.

Related Questions

The waxy substance that helps plants retain water is called _____. cuticle stomata anther epigynous
Full meaning of NeRsA
Why is it a problem if drivers use the company cars for personal reasons
The beliefs, attitudes, and behavior associated with a person or group; a way of life.Career Interests Lifestyle Values
The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is:a. total revenue. b. production possibilities. c. elasticity. d. slope.

Which of the following is an example of long-term debt?a. Car maintenance
b. Property taxes
c. Credit card balance
d. Home equity loan

Answers

Home equity loan is an example of long term debt among the choices provided in the question. The correct option among all the options that are given in the question is the last option or option "d". Long term debts are the type of debts that are not needed to be paid within a years time. I hope this helps.

Zero defect planning requires total commitment of ……….level management. Options top` middle lower none

Answers

Zero defect planning requires total commitment of the Top management. It's the top management that usually do all the planning that is necessary to be able to complete a certain tasks on the schedule and bug-free.

What is one benefit or drawback to an hourly wage

Answers

Benefit of hourly wage.
- The more hours you work the more income you earn
However when it comes to annual pay, it is most likely that the regular paid employee earn more rather than hourly paid employee because hourly paid employee doesn't have leaves to use and no work no pay.

How do businesses deal with poverty and what contribution do they make towards it sustainability?

Answers

Businesses can deal with poverty through providing programs that would encourage employment and growth of individuals who are not that privileged. Also, they can provide scholarships to the less-fortunate people who They can also send their employees to non-government organizations to help them in their sustainable programs for the community.

Which of the following is the best definition of a bit?A. A measure of computer graphics and sound

B. A physical signal that becomes a digital signal

C. single 1 or 0 in a digital signal

D. An electrical signal in a wire

Answers

A measure of computer graphics and sound is the best definition of a bit.

Which of the following is the best definition of bit?

A bit (binary digit) is the smallest unit of statistics that a laptop can system and keep. A bit is always in one in all two bodily states, just like an on/off light transfer. The state is represented by a single binary price, typically a zero or 1.

Which of the subsequent is the best definition of a modern-day laptop?

A pc is a device or tool that plays techniques, calculations, and operations based totally on commands furnished with the aid of a software or hardware program. It has the ability to simply accept facts (input), manner it, after which produce outputs.

Learn more about computer graphics here: brainly.com/question/17506968

#SPJ2

Answer: A single 1 or 0 in a digital signal

In economic terms, marginal is another word for which of the following?a. Outside
b. Rare
c. Additional
d. Boundaries

Answers

In economic terms, marginal is another word for additional. When you say marginal costs, there's a change in the cost that makes the price higher and will let you pay an additional costs. Marginal costs usually happens when you need to produce a product to a next level

Answer:

Additonal

Explanation:

took quiz and got it right additonal is 100% the answer

Other Questions

Economists are concerned with an individual's wants because 1. wants always lead to shortages in the economy. 2. needs because economists define needs to be the goods people need to survive. 3. wants because the existence of wants leads to scarcity. 4. needs because needs are most important to an individual's well being.

You are angry at a friend who forgot to meet you for lunch, and you decide to write an e-mail about how it made you feel. What should you do before you send the e-mail?

What is the defintion of public image?

Attending an impromptu sales meeting at the office is an example of a _____.