The two primary decision$-$specific qualities that make accounting information useful are:

Multiple Choice

Cost effectiveness and materiality

Relevance and faithful representation

Verifiability and representational foithfulness

Predictive value and feeaback value

Fernblatt Incorporated recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which the account receivable is collected in cash. Fernblatt's

accounting approach is an example of:

Multiple Choice

cash basis accounting

periodicity.

matching

accrual accounting.