Asked by
Juliana Garcia
on Nov 15, 2024
Verified
Information has verifiability if the information is comparable.
Verifiability
Verifiability in accounting means information in financial statements can be confirmed or corroborated by independent parties using the source documents.
Comparable
This term often refers to financial metrics or properties that are similar enough to be used for comparison purposes in analyses.
- Comprehend the guiding principles and attributes of financial reporting.
Verified Answer
ME
Learning Objectives
- Comprehend the guiding principles and attributes of financial reporting.
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