Examlex
I and II are:
Accounting Information
Data related to the financial transactions and status of an organization, used for analysis, reporting, and decision making.
Relevance
The importance of information in decision-making; it must be timely and have predictive and confirmatory value.
Going Concern Assumption
The accounting principle that a company will continue to operate indefinitely, without the intention or necessity of liquidation.
Foreseeable Future
A concept in accounting referring to the period during which a business is expected to continue its operations without significant change.
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