Deluxe Apartments Inc. does the following:
The company makes a concise listing of longterinn debt in the notes of its financial statements, clearly showing the lender, interest rate, due date, and principal amount for each note
The company keeps invoices for all fixed assets purchased as support for the assets' recorded costs.
The company has used the same method to calculate bad debt expense of its accounts receivable for the past years.
Which enhancing qualitative characteristics are exemplified by these practices?
Select one:
a
tablePractice Practice Practice ComparabilityUnderstandability,Verifiability
b
tablePractice Practice Practice VerifiabilityUnderstandability,Comparability
c
tablePractice Practice Practice VerifiabilityComparability,Understandability
d
tablePractice Practice Practice UnderstandabilityVerifiability,Comparability
e
tablePractice Practice Practice UnderstandabilityComparability,Verifiability
