Answer
Usefulness:
Relevance - a, b
Reliability - c, d
Consistency - e
Work Step by Step
a) Predict future events
b) Provide feel back
c) Verifiable neutral
d) Free from error
c) Same accounting principles and methods year to year
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 2 - A Further Look at Financial Statements - Brief Exercises - Page 75: BE2-8
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