Examlex
Although George Miller theorized that short-term memory can usually only handle seven "bits" of information, other psychologists believe that, without some chunking occurring, short-term memory may only hold __________ items.
Accounting Information
Data related to the financial position and performance of an entity that is useful to users in making economic decisions.
Timeliness
The quality of being done at the appropriate or advantageous time, particularly in the context of information being available when it is needed.
Verifiability
An accounting principle that ensures all information reported is backed by evidence and can be confirmed by independent observers.
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.
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