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Identify the qualitative characteristic of accounting information is best described in each item. DO NOT USE relevance and faithful representation. a. The annual reports of

Identify the qualitative characteristic of accounting information is best described in each item.

DO NOT USE relevance and faithful representation.

a. The annual reports of a company are audited by certified public accountants (CPAs).

___________________________________________________

b. Two different companies both use the FIFO cost flow assumption.

___________________________________________________

c. A company has used straight-line depreciation since it began operations 12 years ago.

___________________________________________________

d. A publicly traded company issues its quarterly reports immediately after each quarter ends.

___________________________________________________

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