question archive The textbook provides three key qualitative characteristics of financial information (relevance, reliability, and consistency)
Subject:BusinessPrice: Bought3
The textbook provides three key qualitative characteristics of financial information (relevance, reliability, and consistency). Describe one of these three terms and explain its influence on the financial statements. Include a numerical example to prove your points. Participate in follow-up discussion by reading classmates' posts and providing an example on the significance to the user if the qualitative characteristics are not followed in the preparation of financial statements.