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Evixie84
Evixie84
27.06.2019 • 
Business

Referring to the qualitative characteristics of accounting information, indicate the fundamental characteristic (relevance or representationally faithful) and its related attribute ( confirmatory value, completeness, materiality, neutrality, or predictive value) for each of the following uses of accounting information.a. this year's reported earnings per share is $.50 below analysts' forecasts.-relevance and confirmatory valueb. potential creditors review a company's long-term liabilities footnote to determine that entity's ability to assume additional debt. - faithful representation and completec. a corporation discloses both favorable and unfavorable tax settlements.-faithful representation and neutrald. a company discloses the write-off of an accounts receivable. the receivable due from a major customer accounts for 35% of the company's current assets. -relevance and materialitye. a financial analyst computes a company's five-year average cost of goods sold in order to forecast next year's profit margin.-relevance and predictive value

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