Characteristics of Useful Accounting Information Fill in the blank with the qualitative characteristic for each of the following descriptions.

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1. Information that users can depend on to represent the events that it purports to represent 2. Information that has the capacity to make a difference in a decision 3. Information that is valid, that indicates an agreement between the underlying data and the events repre- sented 4. Information that allows for comparisons to be made from one accounting period to the next 5. Information that is free from error 6. Information that is meaningful to those who are will- ing to learn to use it properly 7. Information that is not slanted to portray a com- pany's position any better or worse than the circum- stances warrant 8. Information that allows for comparisons to be made between or among companies