According to the FASB's Conceptual Framework, Predictive Value Is an Ingredient

question 66

Short Answer

According to the FASB's conceptual framework, predictive value is an ingredient of $\begin{array}{lcc} & \text { Relevance } & \text { Reliability } \\\text { a. } & \text { Yes } & \text { No } \\\text { b. } & \text { Yes } & \text { Yes } \\\text { c. } & \text { No } & \text { Yes } \\\text { d. } & \text { No } & \text { No }\end{array}$

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Definitions:

Creatively

The ability to think about or plan something in a new and imaginative way.

Fully Functioning Person

A term used by Carl Rogers to describe an individual who is continually growing and realizing their potential.

Aware

Having knowledge or consciousness of something; being informed or cognizant of events or situations.

Spontaneous

Behaviors or actions that are performed without premeditation or planning, often arising naturally.