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Which of the following is correct?
Qualitative Characteristics
The attributes that make the information provided in financial statements useful to users, such as relevance and reliability.
Financial Reports
Documents that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.
Comparability
An accounting principle that enables the financial information of a company to be compared over different periods and with other companies, enhancing the usefulness of financial statements.
Government Business Enterprise
A government business enterprise is a type of public sector entity that is commercially oriented and operates with an aim to produce goods or services for the market, potentially recovering its total costs.
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