Question Details

Verifiability and predictive value are two ingredients of reliability.




TRUE OR FALSE:
1.	Relevance and reliability are the two primary qualities that make accounting information useful for decision making.
	2.	The idea of consistency does not mean that companies cannot switch from one accounting method to another.

	3.	Timeliness and neutrality are two ingredients of relevance.

	4.	Verifiability and predictive value are two ingredients of reliability.

	5.	The second level of the International Accounting Standards Board- (IASB-) Conceptual Framework serves as a bridge between the “why” of accounting and the “how” of accounting.




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