Unformatted text preview: CONSISTENCY d. Ignores the economic consequences of a standard or rule. NEUTRALITY e. Requires a high degree of consensus among individuals on a given measurement. 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 RELIABLITY j. Issuance of interim reports is an example of what primary ingredient of relevance? TIMELINESS...
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- Spring '11
- Accounting, Qualitative Characteristics, Relevance Reliability Predictive, faithfulness Comparability Consistency, Jesica Islas Intermediate Accounting