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Listed below are several terms and phrases associated with the FASB s conceptual framework. Please define these Predictive Value Relevance Timeliness Distribution Owners Confirmatory Value

Listed below are several terms and phrases associated with the FASB

s conceptual framework. Please define these

Predictive Value

Relevance

Timeliness

Distribution Owners

Confirmatory Value

Understandability

Gain

Faithful Representation

Comprehensive Income

Materiality

Comparability

Neutrality

Recognition

Consistency

Cost Effectiveness

Verifiablity

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