AICPA Exam CPA-Financial Topic 3 Question 58 Discussion

Actual exam question for AICPA's CPA-Financial exam

Question #: 58
Topic #: 3

According to the FASB conceptual framework, predictive value is an ingredient of:

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

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.'

by Janine at Sep 18, 2022, 10:59 AM

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