Answered Essay: Requirement Referring to the qualitative characteristics of accounting information, ind

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re: 2 of 20 pts 3015(4 complete) ▼ E2-2 (book/static) equirement Referring to the qualitative characteristics of accounting information, indicate the fundamental characteristic (relevan value, completeness, materiality, neutrality, or predictive value) for each of the following uses a Use of Accounting Information Fundamental Characteristic Attribute a. This years reported earnings per share is $.50 below analysts forecasts Confirmatory Value b. Potential creditors review a companys long- term liabilities footnote to determine that entitys ability to assume additional debt c A corporation discloses both favorable and Faithful Representation Complete Faithful Representation Choose from any drop-down list and then click Check Answer. Clear All here to search F9 FS Fo 2 4

Requirement Referring to the qualitative characteristics of accounting information, indicate the fundamental characteristic (relevance value, completeness, materiality, neutrality, or predictive value) for each of the following uses

Expert Answer

 

  1. Relevance and confirmatory value
  2. Faithful representation and Completeness
  3. Faithful representation and neutrality
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