Asked by
surbhi gupta
on Dec 16, 2024
Verified
Information
A) is relevant if it will make a difference in a user's decision(s) .
B) has predictive value if it helps users confirm or correct their previous predictions.
C) has confirmatory value if it helps users make predictions about the future.
D) is not relevant if it will make a difference in a user's decision(s) .
Confirmatory Value
The usefulness of financial information in confirming or correcting prior expectations.
- Gain insight into the qualitative characteristics that define valuable financial information.
Verified Answer
LS
Learning Objectives
- Gain insight into the qualitative characteristics that define valuable financial information.