Given the qualitative characteristics of accounting established by the FASB's conceptual framework, complete each of the following

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

Question Posted: