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Identify the appropriate qualitative characteristic ( s ) to be used given the information provided below. a . Qualitative characteristic being employed when companies in
Identify the appropriate qualitative characteristics to be used given the information provided below.
a Qualitative characteristic being employed
when companies in the same industry are
using the same accounting principles.
b Quality of information that confirms users'
earlier expectations.
c Imperative for providing comparisons of a
company from period to period.
d Ignores the economic consequences of a
standard or rule.
e Requires a high degree of consensus among
individuals on a given measurement.
f Predictive value is an ingredient of this
fundamental quality of information.
g Four qualitative characteristics that are
related to both relevance and faithful
representation.
h An item is not recorded because its effect on
income would not change a decision.
related to both relevance and faithful
representation.
h Ancome would not change a decision.
i Neutrality is an ingredient of this
fundamental quality of accounting
information.
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