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GAAP states that the two primary qualitative characteristics that make accounting information useful for decision - making purposes are a . relevance and faithful representation.
GAAP states that the two primary qualitative characteristics that make accounting information useful for decisionmaking purposes are
a relevance and faithful representation.
b decision usefulness and materiality.
c predictive value and confirmatory value.
d timeliness and materiality.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
