Answer
(b)-8
Work Step by Step
Confirmatory value (8) is affiliated with information about an economic phenomenon that corrects past or present expectations based on previous evaluations.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 69: BE2-2b
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