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LISTA Predictive value Relevance Timeliness Distribution to owners Confirmatory value standabilit .…..……………………… and the b Agreement between a measure and the phenomenon it purports to represent. Applying the same accounting practices over time.

LISTA Predictive value Relevance Timeliness Distribution to owners Confirmatory value standabilit .…..……………………… and the b Agreement between a measure and the phenomenon it purports to represent. Applying the same accounting practices over time.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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List A 1. Predictive value 2. Relevance 3. Timeliness 4. Distribution to owners 5. Confirmatory value 6. Understandability 7. Gain 8. Faithful representation 9. Comprehensive income 10. Materiality 11. Comparability 12. Neutrality 13. Recognition 14. Consistency 15. Cost effectiveness 16. Verifiability comm -- al ilm - ca la - sa - - List B aku ka -- Agreement between a measure and the phenomenon it purports to represent. Applying the same accounting practices over time. Concerns the relative size of an item and its effect on decisions. Decreases in equity resulting from transfers to owners. Agreement between a measure and the phenomenon it purports to represent. Concerns the relative size of an item and its effect on decisions. Applying the same accounting practices over time. Agreement between a measure and the phenomenon it purports to represent. Agreement between a measure and the phenomenon it purports to represent. Applying the same accounting practices over time. Applying the same accounting practices over time. Concerns the relative size of an item and its effect on decisions.
Transcribed Image Text:List A 1. Predictive value 2. Relevance 3. Timeliness 4. Distribution to owners 5. Confirmatory value 6. Understandability 7. Gain 8. Faithful representation 9. Comprehensive income 10. Materiality 11. Comparability 12. Neutrality 13. Recognition 14. Consistency 15. Cost effectiveness 16. Verifiability comm -- al ilm - ca la - sa - - List B aku ka -- Agreement between a measure and the phenomenon it purports to represent. Applying the same accounting practices over time. Concerns the relative size of an item and its effect on decisions. Decreases in equity resulting from transfers to owners. Agreement between a measure and the phenomenon it purports to represent. Concerns the relative size of an item and its effect on decisions. Applying the same accounting practices over time. Agreement between a measure and the phenomenon it purports to represent. Agreement between a measure and the phenomenon it purports to represent. Applying the same accounting practices over time. Applying the same accounting practices over time. Concerns the relative size of an item and its effect on decisions.
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