Question

current attempt in progress
given the characteristics of useful accounting information, complete each of the following statements.
(a) for information to be , it should have predictive and confirmatory value.
(b) means that information accurately depicts what really happened.
(c) means using the same accounting principles and methods from year to year within a company.

Explanation:

(a) Relevance in accounting implies information has predictive and confirmatory value. (b) Faithful representation means information accurately shows what occurred. (c) Consistency is using the same accounting principles and methods over time within a company.

Answer:

(a) Relevant
(b) Faithful representation
(c) Consistency