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Archaeologists have shown that the Maya calendar was very precise: it was used to record exact dates.
Relevant Information
Relevant information comprises data that is applicable and helpful in making decisions, particularly in the context of financial and managerial accounting.
Qualitative Characteristic
Attributes that make the information provided in financial statements useful to users, including relevance, understandability, comparability, and reliability.
Cost Constraint
The principle that the cost of providing financial information should not outweigh the benefits that the information provides to users.
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