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HE2.2 (L0 2) Match the qualitative characteristics below with the following statements 1. Timcliness 5. Faithful representation 2. Completeness 6 elevance 3. Free from error
HE2.2 (L0 2) Match the qualitative characteristics below with the following statements 1. Timcliness 5. Faithful representation 2. Completeness 6 elevance 3. Free from error 7. Neutrality 4 Understandalility . Confirmatory value a Quality of information that assures users that information represents the economic phenomena that it purports to represent. b. Information about an ccenomic phcnomenon that corrects past or present caxpectations bused on previous cvaluations c. The extent to which infomation is accurate in representing the economic suhstance of a transaction. d Includes all the information that is necessary for a faithful representation of the economic phenom- ena that it purports to represcnt. Quality of information that allows users to comprehend its meaning e
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