Question

Match each of the components of relevance with its definition.
Relevance
1. _________ Confirmatory value
2. _________ Predictive value
3. _________ Materiality
Definitions
a. Information is useful in helping to forecast future outcomes.
b. Information provides feedback on past activities.
c. The nature or amount of an item has the ability to affect decisions.



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  • CreatedJuly 15, 2014
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