Match the following accounting qualities to the appropriate explanations that follow:

Relevancy 

Faithful representation 

Comparability 

Consistency 

Verifiability 

Timeliness 

Understandability

(a) Deviations in measured outcomes from period to period should be the result of deviations in underlying performance (not accounting quirks).

(b) Clear and concise to those with reasonable business knowledge.

(c) Available in sufficient time to be capable of influence.

(d) Even though different companies may use different accounting methods, there is still sufficient basis for valid comparison.

(e) Information must be truthful; complete, neutral, and free from error.

(f) Information should be timely and bear on the decision-making process by possessing predictive or confirmatory (feedback) value.

(g) Different knowledgeable and independent observers reach similar conclusions.