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In the International Accounting Standards Board’s (IASB’s) Conceptual Frame

In the International Accounting Standards Board- (IASB-) Conceptual Framework, an enhancing qualitative characteristic is predictive value.



TRUE OR FALSE:
1.	In the International Accounting Standards Board- (IASB-) Conceptual Framework, qualitative characteristics are considered either relevant or prudent.

	2.	In the International Accounting Standards Board- (IASB-) Conceptual Framework, qualitative characteristics distinguish better information from inferior information for decision-making purposes.

	3.	In the International Accounting Standards Board- (IASB-) Conceptual Framework, an enhancing qualitative characteristic is predictive value.

	4.	In the International Accounting Standards Board- (IASB-) Conceptual Framework, an ingredient of a fundamental qualitative characteristic is understandability.

	5.	To be a faithful representation as described by the International Accounting Standards Board- (IASB-) Conceptual Framework, information must be confirmatory.



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26 May 2016

Answers (1)

  1. Genius

    In the International Accounting Standards Board’s (IASB’s) Conceptual Framework, an enhancing qualitative characteristic is predictive value.

    In the International Accounting Standards Board’s (IASB’s) Conceptual Framework, an en ****** ******
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