The following qualitative characteristics of accounting were discussed in the chapter: • Consistency • Relevance • Understandability • Comparability • Conservatism • Materiality • Reliability _________ 1. The ability of accounting information to be comprehensible to those who have a reasonable understanding of business and are willing to study the information with reasonable diligence. _________ 2. The capacity to affect business decisions. _________ 3. The dependability of accounting information. _________ 4. The ability to compare and contrast the financial activities of the same company over a period of time. _________ 5. The threshold over which an item begins to affect decision making. _________ 6. The way in which accountants deal with uncertainty. _________ 7. The ability to compare and contrast the financial activities of different companies. Required Fill in the blank with the appropriate characteristic.
The following qualitative characteristics of accounting were discussed in the chapter: • Consistency
- In Sir Launfal, the hero undertakes a journey and undergoes tests?both common features of chivalric romance. Analyze in detail the role of one of the characters that Sir Launfal encounters (the Mayor, the Mayor?s daughter, Dame Tryamour) in relation to his journey and its goal. Remember that the romance hero?s journey is an inner voyage of self-discovery as well as a physical journey.
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