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For each of the independent situations described below, list the fundamental or enhancing of quality or useful information that has been violated, if any. List
For each of the independent situations described below, list the fundamental or enhancing of quality or useful information that has been violated, if any. List only one term for each case. 1. Timeliness 2. Relevance (timely) Carrier Company is in its third year of operation and has yet to issue financial statements. Larsen Corporation has selected the FIFO inventory costing method during the current year. Last year it used the LIFO method and next year it plans to change to the average cost method. Reiser Company expenses some office equipment that is inexpensive even though it has a useful life that exceeds 1 year. 3. Consistency
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