ps://bboldwestbury.sin.suny.edu/webapps/assessment/take/launch,sp?course assessment id 16207_1&course Remaining Time: 38 minutes, 35 seconds. Question Completion Status: QUESTION 7 A common set of accounting standards and procedures is called o a.generally accepted accounting principles. o b. objectives of financial reporting. C. financial accounting standards. d. statements of financial accounting concepts. QUESTION 8 What is meant by comparability when discussing financial accounting information? a. Information is measured and reported in a similar fashion across companies. b. Information is reasonably free from error. CInformation is timely. d. Information has predictive or confirmatory value. QUESTION 9 What is meant by consistency when discussing financial accounting information a. Information is timely. b. Information is verifiable. c. Information is classified, characterized, and presented clearly and d. Information presented by a company apples the same accounting treatment to smiar evencs, from pesd t l concisely QUESTION 10