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1. Explain the principle of consistency. 2. Explain the cost constraint on useful information. 3. What are the two kinds of comparability? 4. Explain the

1. Explain the principle of consistency.

2. Explain the cost constraint on useful information.

3. What are the two kinds of comparability?

4. Explain the qualitative characteristic of comparability.

5. Explain the enhancing quality of timeliness.

6. Explain verifiability.

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