Multiple Choice
Match the following characteristics with the statements about each qualitative characteristic's importance.
-The accounting information must be information that could affect a decision.
A) Consistency
B) Materiality
C) Conservatism
D) Comparability
E) Reliability
F) Relevance
G) Understandability
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Match<br>-Land<br>A)Current Assets<br>B)Tangible Assets<br>C)Investments<br>D)Intangibles<br>E)Other<br>F)Current Liability<br>G)Long-Term Liability<br>H)Capital Stock<br>I)Retained Earnings<br>J)Item
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