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QUESTION

Identify each of the following statements as related to either the objective (O) of financial information or a qualitative (Q) characteristic of accounting information: a . Information about bus

Identify each of the following statements as related to either the  

objective (O) of financial information or a qualitative (Q)  

characteristic of accounting information:  

a . Information about business resources, claims to those resources,  

and changes in them should be provided.  

b . Decision makers must be able to interpret accounting information.  

c . Information that is useful in making investment and credit  

decisions should be furnished.  

d . Accounting information must exhibit relevance and faithful  

representation.  

e . Information useful in assessing cash flow prospects should be  

provided 

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