Exam (elaborations)
CPA FAR TOP Study Guide Exam Questions and CORRECT Answers
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Fundamental Characteristics of Accounting Information1. Relevance 2. Reliability (faithful representation) Comprehensive IncomeNI + OCI Unrealized G/L AFS SecuritiesOCI: Not on income statement Unusual, frequent itemsNo separate disclosures Aspects of RelevancePredictive Value, Confirmatory V...
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