____________________ Applications Are Programs Locally Installed on a Specific Platform

question 7

Short Answer

____________________ applications are programs locally installed on a specific platform such as a phone or tablet.

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Definitions:

Qualitative Characteristics

Aspects that contribute to the usefulness of financial information, including its relevance and reliability.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presenting the financial performance and position at a given period.

Qualitative Characteristics

The attributes that make the information provided in financial statements useful to users, such as relevance and reliability.