Explain characteristics of useful accounting information


Given the characteristics of useful accounting information, complete each of the following statements.

(a) For information to be _____, it should have predictive and confirmatory value.

(b) _____ is the quality of information that gives assurance that it is free from error and bias.

(c) _____ means using the same accounting principles and methods from year to year within a company.

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Finance Basics: Explain characteristics of useful accounting information
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