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The simplest form of departmentalization is by
Relevant Accounting Information
Financial data and insights that are pertinent and useful for decision-making processes.
Predictive Value
The capability of financial information to help users in predicting future trends and outcomes.
Confirmatory Value
The aspect of financial information that helps users confirm or correct prior expectations.
Fair Value
The price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.
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