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Match each of the qualitative characteristics below with the correct description/definition (use the drop-down button).

Match each of the qualitative characteristics below with the correct description/definition (use the drop-down button).

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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ion 3 et ered ced out of 1 ag tion evi ◄E Match each of the qualitative characteristics below with the correct description/definition (use the drop-down button). Timeliness Materiality Comparability Choose... Relevance Choose... Predictive Value Neutrality Choose... Choose... Choose... Choose... Choose... Information measured and reported in a similar manner for different companies A company cannot select information to favor one set of interested parties over another. Information available to decision-makers before it loses its capacity to influence decisions Information must be capable of making a difference in a decision. Omitting this information or misstating it could influence decisions that users make on the basis of this information. Has value as an input to predictive processes used by investors to form their own expectations about the future.
Transcribed Image Text:ion 3 et ered ced out of 1 ag tion evi ◄E Match each of the qualitative characteristics below with the correct description/definition (use the drop-down button). Timeliness Materiality Comparability Choose... Relevance Choose... Predictive Value Neutrality Choose... Choose... Choose... Choose... Choose... Information measured and reported in a similar manner for different companies A company cannot select information to favor one set of interested parties over another. Information available to decision-makers before it loses its capacity to influence decisions Information must be capable of making a difference in a decision. Omitting this information or misstating it could influence decisions that users make on the basis of this information. Has value as an input to predictive processes used by investors to form their own expectations about the future.
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