Question

The following definition pertains to which desirable attribute of financial statements: Information received after a decision is made cannot be decision useful?

a. None of the other alternatives are correct
b. objectivity
c. timeliness
d. reliability
e. relevance

Answer 1

The desirable attribute of financial statements that pertains to the information received after a decision is made is timeliness. Timeliness means that the information is relevant and useful at the time it is needed.

Step-by-step explanation:

The desirable attribute of financial statements that pertains to the information received after a decision is made is timeliness.

Timeliness refers to the relevance and usefulness of the information provided in the financial statements at the time it is needed.

When information is timely, it allows decision-makers to make informed decisions based on up-to-date and relevant data.