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Andrew [12]
3 years ago
11

According to the FASB's conceptual framework, the quality of information that helps users increase the likelihood of correctly f

orecasting the outcome of past or present events is called
A. Representational faithfulness.

B. Comparability.

C. Predictive value.

D. Confirmatory value.
Business
1 answer:
Kisachek [45]3 years ago
4 0

Answer:

C. Predictive value.

Explanation:

Relevant information is able to make a difference in user decisions. To do so, it must have predictive value, confirmatory value, or both. Financial information has predictive value if it can be used as an input in a predictive process.

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