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AICPA Exam CPA-Financial Topic 3 Question 58 Discussion
Actual exam question for
AICPA's
CPA-Financial exam
Question #: 58
Topic #: 3
[All CPA-Financial Questions]
Topic #: 3
According to the FASB conceptual framework, predictive value is an ingredient of:
Suggested Answer:
D
Choice 'd' is correct. Yes - No. Predictive value is an ingredient of relevance but not of reliability.
Memorize:
Bud's relevance to 'PFT.'
Bud's reliability to 'VRN.'
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