Question Details

Information that helps users confirm or correct prior expectations has



1.	________________________ and _______________________ are the two primary qualities that make accounting information useful for decision making.

	2.	Information that helps users confirm or correct prior expectations has _________________
		___________________. 

	3.	________________________ enables users to identify the real similarities and differences in economic phenomena because the information has been measured and reported in a similar manner for different enterprises.

	4.	Some costs which give rise to future benefits cannot be directly associated with the revenues they generate. Such costs are allocated in a __________________ and _________________ manner to the periods expected to benefit from the cost.


	5.	_______________________ would allow the expensing of all repair tools when purchased, even though they have an estimated life of 3 years.




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