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Can someone help me with selecting the options? Current Attempt in Progress For each of the following situations listed below, match the following information quality
Can someone help me with selecting the options?
Current Attempt in Progress
For each of the following situations listed below, match the following information quality characteristic that either most accurately
applies to the situation, or would be the best characteristic to improve the information. More than one characteristic could apply to
each situation but choose the most appropriate one.
Question
Information Situation
Characteristic
Oil and gas companies consistently apply the same industryspecific accounting
standards to their financial statements, and so there should be a high level of
fill in the characteristic within that industry.
A company with information about a probable and material lawsuit must report it in
the notes to its financial statements. An attempt to withhold this information
indicates bias and not
fill in characteristic
Financial statements include information on cash flows so that financial analysts and
investors can evaluate the accuracy of their past predictions.
Financial analysts and investors use past financial statements as a basis to chart
performance trends and make predictions about future performance, including
profitability and cash flow, for business valuation purposes.
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