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QUESTION 22 Choose the component of the FASBs Statements of Financial Accounting Concepts that matches the descriptive phras
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Option D-----Timeliness

Timeliness concept matches with the description " Having information available to decision makers before it loses its capacity to influence decisions". Timeliness concept states that accounting information should be available timely so that decision makers could take their decision on time.It involves disclosure of financial and non financial information quickly as possible.

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