Answered

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Match the listed qualitative charateristics of useful financial information discussed in this chapter to each of the following statements below.

__________ Information that has predictive value, confirmatory value, and is material is said to have this fundamental qualitative characteristic.

1. Comparability
2. Understandability
3. Faithful representation
4. Completeness
5. Cost constraint
6. Freedom from error or bias
7. Materiality
8. Confirmatory value
9. Timeliness
10. Relevance
11. Verifiability
12. Neutrality
13. Predictive value

Sagot :

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