Business, 05.09.2019 19:30 brendaesme

Listed below are several terms and phrases associated with the fasb’s conceptual framework. pair each item from list a with the item from list b that is most appropriately associated with it.
list a
(1) predictive value
(2) relevance
(3) timeliness
(4) distribution to owners
(5) confirmatory value
(6) understandability
(7) gain
(8) faithful representation
(9) comprehensive income
(10) materiality
(11) comparability
(12) neutrality
(13) recognition
(14) consistency
(15) cost effectiveness
(16) verifiability.
(a) decreases in equity resulting from transfers to owners.
(b) requires consideration for the costs and value of information.
(c) important for making interfirm comparisons.
(d) applying the same accounting practices over time.

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Listed below are several terms and phrases associated with the fasb’s conceptual framework. pair eac...

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