Question: Homework 3: Ch1 6 Saved Help Listed below are several terms and phrases associated with the FASB's conceptual framework. Pair each item from List A

Homework 3: Ch1 6 Saved Help Listed below are several terms and phrases associated with the FASB's conceptual framework. Pair each item from List A with the item from List B that is most appropriately associated with it. List A List B 1. Predictive value 0.76 2 Relevance 3. Timeliness points 4. Distribution to owners Agreement between a measure and the phenomenon it purports to represent. eBook 5. Confirmatory value Applying the same accounting practices over time. 6. Understandability References Concerns the relative size of an item and its effect on decisions. 7. Gain Decreases in equity resulting from transfers to owners. 8. Faithful representation 9. Comprehensive income 10. Materiality 11. Comparablity 12. Neutrality 13. Recognition 14. Consistency 15. Cost effectiveness 16. Verifiability

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