Place the corresponding letter next to the appropriate term 1 Financial
Place the corresponding letter next to the appropriate term.
______1. Financial information should provide predictable value for decision making.
______2. The value of financial information obtained should outweigh the cost of obtaining it.
______3. Financial statements are prepared using the same accounting standards consistently from year to year.
______4. Financial information is included in the financial statement for completeness, as a lack of information will likely impact the decision making.
______5. Financial information should verifiable, neutral, and complete.
a. Comparability
b. Cost-Benefit
c. Reliability
d. Materiality
e. Relevance
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