Match each of the components of relevance with its definition. Relevance Definitions 1 . Confirmatory value 2 . Predictive value 3 . Materiality a. Information is useful in helping to forecast future outcomes. b. Information provides feedback on past activities. c. The nature or amount of an item has the ability to affect decisions.

Match each of the components of relevance with its definition. Relevance Definitions 1 . Confirmatory value 2 . Predictive value 3 . Materiality a. Information is useful in helping to forecast future outcomes. b. Information provides feedback on past activities. c. The nature or amount of an item has the ability to affect decisions.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 6MC: Which of the following is not true? A. Organizations share a common purpose or mission. B....

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If an information provides feedback about previous evaluations, it is said to have: a. Relevant value b. Confirmatory value c. Futuristic value d. Predictive value
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Read the situation and answer the “Questions and Analysis” part
Explain well with proper step by step and type The Answer.