Examlex
Match the following characteristics with the statements about each qualitative characteristic's importance.
-Accounting information must be verifiable and faithfully represent actual transactions.
Economic Life
The estimated period over which an asset is expected to be economically useful to the owner.
Cost of Capital
The rate of return a company must earn on its investment projects to maintain its market value and attract funds.
Annual Rate of Return
The percentage of profit or loss on an investment over one year.
Accounting Data
Information and records concerning the financial transactions and status of a business, including ledgers, journals, financial statements, and more.
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