Solved

Match the Descriptive Statement with the Following Terms That Relate

Question 308

Matching

Match the descriptive statement with the following terms that relate to the fundamental qualities of useful information.

Premises:
Accounting information that is not biased toward one position or another.
Providing information before it loses its capacity to influence decision.
Independent measures, using the same methods, obtain similar results.
Providing information that would make a difference in a business decision.
Provide information that accurately depicts what really happened.
Confirms or corrects prior decisions.
Responses:
Confirmatory value
Neutral
Predictive value
Relevant
Faithful representation
Timely
Verifiable

Correct Answer:

Confirmatory value
Neutral
Predictive value
Relevant
Faithful representation
Timely
Verifiable
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