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Characteristics of Useful Accounting Information Select the qualitative characteristic for each of the followingdescriptions. Description QualitativeCharacteristic 1. The information to include

Characteristics of Useful Accounting Information

Select the qualitative characteristic for each of the followingdescriptions.

  Description QualitativeCharacteristic
1. The information to include inreports should take into account whether an omission ormisstatement could influence a user's decision. _________________
2. Information that has the capacityto make a difference in a decision _________________
3. Information that is complete,neutral, and free from error _________________
4. Information that allows forcomparisons to be made for two or more accounting periods for asingle company _________________
5. Information that is meaningful tothose who are willing to learn to use it properly _________________
6. Information that allows forcomparisons to be made between or among companies _________________

Aug 15 2021 View more View Less

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