Listed below are 10 terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the number for the correct term.
Definitions:
Materiality
An accounting principle that means the significance of financial information to decision-making; insignificant details are disregarded.
Comparability
A characteristic of accounting information that allows users to analyze two or more periods of financial data or companies to identify trends and differences.
Timeliness
The degree to which information, actions, or events occur at a suitable or opportune time, particularly in contexts requiring promptness.
Interest Expense
The amount of interest payable on any borrowed funds.
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