A list of statements follows:

a.GAAP states that the two primary qualitative characteristics that make accounting information useful for decision-making purposes are _________and________

b.Corporations prepare quaterly financial statements in order to help achieve_____________ an ingredient of the primary quality of relevance.

c.Expensing the purchase of waste paper baskets that have a three-ye ar estimated useful life at the date of accuisition is a permissible procedure according to the_________ constraint.

d.The three components of relevance are _________,_________and________

e.______is the overall qualitative characteristic to be used in judging the quality of accountinge.
Required:
Fill in the words necessary to complete the statements.

Question

A list of statements follows:

a.GAAP states that the two primary qualitative characteristics that make accounting information useful for decision-making purposes are _________and________

b.Corporations prepare quaterly financial statements in order to help achieve_____________ an ingredient of the primary quality of relevance.

c.Expensing the purchase of waste paper baskets that have a three-ye ar estimated useful life at the date of accuisition is a permissible procedure according to the_________ constraint.

d.The three components of relevance are _________,_________and________

e.______is the overall qualitative characteristic to be used in judging the quality of accountinge.
 Required:
Fill in the words necessary to complete the statements.

Quizplus · Accepted Answer

The Answer of A list of statements follows:

a.GAAP states that the two primary qualitative characteristics that make accounting information useful for decision-making purposes are _________and________

b.Corporations prepare quaterly financial statements in order to help achieve_____________ an ingredient of the primary quality of relevance.

c.Expensing the purchase of waste paper baskets that have a three-ye ar estimated useful life at the date of accuisition is a permissible procedure according to the_________ constraint.

d.The three components of relevance are _________,_________and________

e.______is the overall qualitative characteristic to be used in judging the quality of accountinge.
 Required:
Fill in the words necessary to complete the statements.

A List of Statements Follows