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

_________________ 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 represented _________________ 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 willing to learn to use it properly _________________ 7. Information that is not slanted to portray a company’s position any better or worse than the circumstances warrant _________________ 8. Information that allows for comparisons to be made between or among companies AppendixLO1