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: E2-4f

Answer

Relevance.

Work Step by Step

The concept of relevance calls for the provision of information that can actively influence the decision-making ability of users. Predictive value ensures that users can use this information to make predictions.
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