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114). Still, the company believes that quarterly financial information can be issued whenever it is convenient for the accounting department, and they published its first three quarterly reports during the 10th month of the year.
Consequently the financial statement of Dawn's Data Enterprises violates the timeliness that is one of subsets of relevance.
I - D. "The financial statement representation of a transaction or event is verifiable if knowledgeable and independent observers would concur that it is in agreement with the actual underlying transaction or event with a reasonable degree of precision...
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