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Balance Sheet
A financial statement that provides a snapshot of a company's financial position, showing assets, liabilities, and equity at a specific point in time.
Understandability
It refers to the quality of financial information that enables users to perceive its significance.
Relevance
The importance or usefulness of information for decision-making purposes in various contexts.
Decision Usefulness
The quality of financial information that makes it valuable for users in making informed decisions.
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