Explain what is meant by each of the following: (Section 4.2) (a) relevance; (b) reliability; (c) faithful

Question:

Explain what is meant by each of the following: (Section 4.2)

(a) relevance;

(b) reliability;

(c) faithful representation;

(d) neutrality;

(e) prudence;

(f) completeness;

(g) comparability;

(h) understandability; and

(i) materiality.

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