Given the qualitative characteristics of accounting established by the FASB's conceptual framework, complete each of the following
Question:
Given the qualitative characteristics of accounting established by the FASB's conceptual framework, complete each of the following statements:
(a) For information to be . it should have predictive or feedback value, and it must be presented on a timely basis.
(b) is the quality of information that gives assurance that it is free of error and bias; it can be depended on.
(c) means using the same accounting principles and methods from year to year within a company.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted: