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Other important considerations are: Is the information understandable and fully disclosed ? Is the information relevant ? Is the information presented on a conservative basis? Is the information comparable so the reader can see or determine the similarities or differences to other entities? 5. Is the information consistent so that the reader can compare different time periods of the same entity on the same basis so as establish a trend?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M992337

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