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and Question Fill in the blanks related to the following statements (10 points) is the process of identifying measuring, analyzing, and communicating financial Information needed

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and Question Fill in the blanks related to the following statements (10 points) is the process of identifying measuring, analyzing, and communicating financial Information needed by management to plan, control, and evaluate a company's operations 2 are the primary user group for general-purpose financial statements 3. A depiction of economic phenomena 15 if it includes all the information that is necessary for faithful representation of the economic phenomena that it purports to represent. 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. 6. Information about economic phenomena has_ ut it confirms or changes past or present expectations based on previous evaluations. 7 _allocates expenses to revenues in the proper period. _separates financial information into time periods for reporting purposes. indicates that personal and business record keeping should be separately maintained 10. _generally records revenue at the point of sale

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