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Presented Below Are the Qualitative Characteristics of Information Contained in General-Purpose

Question 66

Short Answer

Presented below are the qualitative characteristics of information contained in general-purpose financial reports.
a. relevance
b. reliability
c. comparability
d. understandability
Identify the qualitative characteristic that fits the statement below:
-Information in general-purpose financial reports should be_____________ to users who have the proficiency to comprehend the significant accounting practices.

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