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Question 2 What are the qualitative characteristics that enhance the decision usefulness of relevant information faithfully represented in financial statements? Generally accepted accounting principles (GAAP).

Question 2

What are the qualitative characteristics that enhance the decision usefulness of relevant information faithfully represented in financial statements?

Generally accepted accounting principles (GAAP).

Accounting entity concept and the cost principle.

Comparability, verifiability and understandability.

Comparability, verifiability, understandability and timeliness.

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