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 72: E2-4e

Answer

Verifiability.

Work Step by Step

Information or sets of financial information are verifiable when given the data and assumptions used, another professional accountant will derive the same results. The high degree of consciousness facilitates verifiability.
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