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During an audit of Gomez Company, the five situations described below were found to exist. a . Identify the qualitative characteristic of accounting information that

During an audit of Gomez Company, the five situations described below were found to exist.

.

Identify the qualitative characteristic of accounting information that is directly involved in each situation. Hint: An answer may be used more than once.

.

For each situation

1

through

5,

would we recommend that the company change its accounting policy?

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