If Accounting Information Has Predictive Value, It Will Help Users

question 51

Multiple Choice

If accounting information has predictive value, it will help users

• A)prepare for future Canada Revenue Agency audits.
• B)make predictions about future events.
• C)make predictions about foreign currency exchange rates.
• D)confirm or correct previous predictions or expectations.

---

Definitions:

Standard Deviations

An indicator of how widely values in a dataset are spread out from the average, showing the degree to which these numbers vary from their mean.

Nominal Data

A classification of categorical variables that do not have a natural order or rank.

Interval Data

A type of quantitative data that involves measurements where the difference between two values is meaningful, but there is no true zero point.

Bimodal Data

Data that has two different modes, or peaks, in its frequency distribution.