Question
D Question 19 Conceptual Framework Below is a series of phrases describing qualitative characteristics identified by the Conceptual Framework. Identify each characteristic. Note answers
D Question 19 Conceptual Framework Below is a series of phrases describing qualitative characteristics identified by the Conceptual Framework. Identify each characteristic. Note answers may be used more than once or not at all. When accounting policies and procedures are unchanged from period to period When information is complete, neutral, and free from error Occurs when the measurement results can be duplicated The overall qualitative characteristic accounting information should possess [Choose] [Choose] Comparability Relevance Timeliness Free from error Faithful Representation Consistency Complete Verifiable Understandability Neutral Materiality Decision Useful When accounting information is reported the Predictive same way by different companies Confirmatory When information can make a difference in a decision (not Materiality) [Choose]
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