Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 71: E2-2b

Answer

False:

Work Step by Step

Both predictive and confirmatory values are principal attributes of relevance. These ingredients, which are not mutually exclusive, enable financial information to influence an economic decision that would make a difference.
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