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A List of Statements Follows:
A \underline{\quad\quad} And \underline{\quad\quad} BCorporations Prepre Quarterly Financial Statements in Order to Help Achieve

Question 75

Short Answer

A list of statements follows:
a.GAAP states that the two primary qualitative characteristics that make accounting information useful for decision-making purposes are \underline{\quad\quad} and \underline{\quad\quad}

b.Corporations prepre quarterly financial statements in order to help achieve \underline{\quad\quad} an ingrecient of the primary quality of relevance.

c.Expensing the purchase of waste paper baskets that have a three-ye es estimated useful life at the clate of acquisition is a permissible procedure accordingto the \underline{\quad\quad} constraint.
d. The three components of reliability are \underline{\quad\quad} , \underline{\quad\quad} and \underline{\quad\quad}
e. \underline{\quad\quad} is the overall qualitative characteristic to be used in judging the quality of accountine information
Required:
Fill in the words necessary to complete the statements.

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a. relevance, reliability
b. t...

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