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Homework answers / question archive / Predictive value is an ingredient of which of the two fundamental qualities that make accounting information useful for decision-making purposes?
Predictive value is an ingredient of which of the two fundamental qualities that make accounting information useful for decision-making purposes?
Predictive Value is an ingredient of Relevance.
Relevant information is useful when it has Predictive Value - it can help in predicting the future outcome of events and Confirmatory Value - enables users to confirm or correct the earlier predictions.
