Accounting information has relevance if it makes a difference in a decision.
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Q33: If goods are shipped FOB destination then
Q34: One of the conditions of recognizing revenue
Q35: In order for information to be useful
Q36: In the year of a change in
Q37: Predictive value confirms or corrects prior expectations.
Q39: The qualitative characteristic which should be first
Q40: Understandability enables users to have timely information
Q41: Fair value is the amount of cash
Q42: The expense recognition criteria states that expenses
Q43: The conceptual framework does NOT include
A) the
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