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A List of Statements Follows

Question 73
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A list of statements follows:
a. GAAP states that the two primary qualitative characteristics that make accounting information useful for decision-making purposes are and
b. Corporations prepare quarterly financial statements in order to help achieve
, an ingredient of the primary quality of relevance.
c. Expensing the purchase of waste paper baskets that have a three-year estimated useful life at the date of acquisition is a permissible procedure according to the
____________________ constraint.
d. The three components of relevance are ,
____________________, and _.
e. is the overall qualitative
characteristic to be used in judging the quality of accounting information.
Fill in the words necessary to complete the statements.

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