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Relevance, one of the desirable qualities of accounting information, implies: a. the capacity of information should be based on five-year average historical data. b. the

Relevance, one of the desirable qualities of accounting information, implies:\ a. the capacity of information should be based on five-year average historical data.\ b. the capacity of information to affect a decision.\ C. the capacity of information should be based on market expectations.\ d. that all companies should use same valuation methods such as LIFO and FIFO.

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Relevance, one of the desirable qualities of accounting information, implies: O a the capacity of information should be based on five-year average historical data. b. the capacity of information to affect a decision. c. the capacity of information should be based on market expectations. O d. that all companies should use same valuation methods such as LIFO and FIFO.

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