Answer
Feedback Value
Work Step by Step
Accounting information has feedback value when it has the ability to correct or confirm previous expectations.
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 - Exercises - Page 72: E2-4b
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