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34 BE2-13 Fill in the blanks related to the following statements. 8 1. Financial reporting imposes_ 2. The information provided by. the benefits of financial
34 BE2-13 Fill in the blanks related to the following statements. 8 1. Financial reporting imposes_ 2. The information provided by. the benefits of financial reporting should justify those. focuses on the needs of all capital providers, not just the needs of a particular group. 3. A depiction of economic phenomena is _ if it includes all the information that is necessary for faithful representation of the economic phenomena that it purports to represent. 4. 5. is the quality of information that allows users to comprehend its meaning. is the quality of information that permits users to identify similarities in and differences between two sets of economic phenomena. if it confirms or changes past or present 6. Information about economic phenomena has. expectations based on previous evaluations
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