Question

explain the characteristics of financial statements

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Answer 1

Relevance. The financial statements must contain relevant information for them to be useful to the users. ... Such information should help them evaluate past, present or even future events. The information can be predictive or confirmatory and usually both.

Answer 2

Answer:

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Explanation:

Relevance. The financial statements must contain relevant information for them to be useful to the users. ... Such information should help them evaluate past, present or even future events. The information can be predictive or confirmatory and usually both