Given the qualitative characteristics of accounting established by the FASB's conceptual framework, complete each of the following
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Given the qualitative characteristics of accounting established by the FASB's conceptual framework, complete each of the following statements:
1. For information to be \(\qquad\) , it should have predictive or feedback value, and it must be presented on a timely basis.
2. is the quality of information that gives assurance that it is free of error and bias; it can be depended on.
3. ___ means using the same accounting principles and methods from year to year within a company.
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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