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Unformatted text preview: verifiability (f) Predictive value is an ingredient of this primary quality of information. relevance (g) Two qualitative characteristics that are related to both relevance and reliability. Comparability and consistency (h) Neutrality is an ingredient of this primary quality of accounting information. reliability (i) Two primary qualities that make accounting information useful for decision-making purposes. Relevance and reliability (j) Issuance of interim reports is an example of what primary ingredient of relevance? Timeliness E2-4 a. Matching principle b. Historical cost principle c. Full disclosure principle d. Going concern principle e. Conservatism f. Economic entity assumption g. Periodicity assumption h. Industry practices i. Materiality j. Monetary unit assumption...
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This note was uploaded on 08/31/2010 for the course ACC ACC 421 taught by Professor Trujillo during the Spring '10 term at University of Phoenix.
- Spring '10