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Identify the appropriate qualitative characteristic(s) to be used for given the information provided below.

Identify the appropriate qualitative characteristic(s) to be used for given the information provided below. dentify the appropriate qualitative characteristic(s) to be used for given the information provided below.

(a) Qualitative characteristic being employed when companies in the same industry are using the same accounting principles.
 Comparability, Verifiability, Timeliness, and UnderstabilityFaithful RepresentationTimelinessCompletenessRelevance and Faithful RepresentationMaterialityRelevancePredictive valueFree From ErrorNeutralityConfirmatory ValueVerifiabilityUnderstandabilityComparability
(b) Quality of information that confirms users’ earlier expectations.
 CompletenessComparabilityConfirmatory ValueRelevanceMaterialityNeutralityTimelinessPredictive valueVerifiabilityUnderstandabilityFaithful RepresentationFree From ErrorRelevance and Faithful RepresentationComparability, Verifiability, Timeliness, and Understability
(c) Imperative for providing comparisons of a company from period to period.
 Relevance and Faithful RepresentationTimelinessNeutralityFree From ErrorRelevanceMaterialityVerifiabilityFaithful RepresentationUnderstandabilityConsistencyComparability, Verifiability, Timeliness, and UnderstabilityPredictive valueCompletenessConfirmatory Value
(d) Ignores the economic consequences of a standard or rule.
 VerifiabilityRelevance and Faithful RepresentationUnderstandabilityFaithful RepresentationComparabilityComparability, Verifiability, Timeliness, and UnderstabilityTimelinessFree From ErrorRelevancePredictive valueConfirmatory ValueNeutralityCompletenessMateriality
(e) Requires a high degree of consensus among individuals on a given measurement.
 NeutralityConfirmatory ValueTimelinessMaterialityUnderstandabilityVerifiabilityPredictive valueRelevance and Faithful RepresentationComparability, Verifiability, Timeliness, and UnderstabilityRelevanceFaithful RepresentationCompletenessComparabilityFree From Error
(f) Predictive value is an ingredient of this fundamental quality of information.
 CompletenessVerifiabilityFree From ErrorUnderstandabilityTimelinessMaterialityPredictive valueConfirmatory ValueRelevanceComparabilityFaithful RepresentationRelevance and Faithful RepresentationNeutralityComparability, Verifiability, Timeliness, and Understability
(g) Four qualitative characteristics that are related to both relevance and faithful representation.
 ComparabilityFree From ErrorConfirmatory ValueRelevance and Faithful RepresentationComparability, Verifiability, Timeliness, and UnderstabilityCompletenessRelevanceFaithful RepresentationPredictive valueVerifiabilityNeutralityTimelinessMaterialityUnderstandability
(h) An item is not recorded because its effect on income would not change a decision.
 CompletenessTimelinessMaterialityVerifiabilityConfirmatory ValueComparability, Verifiability, Timeliness, and UnderstabilityPredictive valueFree From ErrorComparabilityNeutralityUnderstandabilityRelevance and Faithful RepresentationRelevanceFaithful Representation
(i) Neutrality is an ingredient of this fundamental quality of accounting information.
 Relevance and Faithful RepresentationVerifiabilityComparability, Verifiability, Timeliness, and UnderstabilityRelevanceUnderstandabilityFaithful RepresentationPredictive valueComparabilityConfirmatory ValueTimelinessNeutralityCompletenessMaterialityFree From Error
(j) Two fundamental qualities that make accounting information useful for decision-making purposes.
 Relevance and Faithful RepresentationRelevanceCompletenessUnderstandabilityFaithful RepresentationPredictive valueTimelinessComparabilityConfirmatory ValueMaterialityFree From ErrorNeutralityVerifiabilityComparability, Verifiability, Timeliness, and Understability
(k) Issuance of interim reports is an example of what enhancing quality of
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