Question

Maltec Corporation has started placing its quarterly by 10 days the time to get information to investors and creditors. The qualitative concept improved is: A. Comparability B. Consistency C. Timeliness. D. Faithful representation.

Answer 1

Answer: Timeliness

Explanation: In simple words, timeliness refers to the concept under which an information is being given or transferred to the user in an appropriate time so that is can be used effectively for the intended purpose.

In the given case, Maltec were placing their financial statements 10 days earlier.

Hence from the above we can conclude that the correct option is C .