Given the qualitative characteristics of accounting established by the FASB's conceptual framework, complete each of the following
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Given the qualitative characteristics of accounting established by the FASB's conceptual framework, complete each of the following statements.
(a) For information to be \(\qquad\) , it should have predictive or feedback value, and it must be presented on a timely basis.
(b) \(\qquad\) is the quality of information that gives assurance that it is free of error and bias; it can be depended on.
(c) \(\qquad\) means using the same accounting principles and methods from year to year within a company.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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