Qualitative Characteristics Six statements are given below.

a. The two fundamental qualitative characteristics that information should possess are \(\qquad\) and . \(\qquad\)

b. \(\longrightarrow\) is the characteristic that allows external decision makers to identify similarities and differences between two or more items.

c. \(\qquad\) requires accounting information to be comprehensible to decision makers who have a reasonable knowledge of business and economic activities and who are willing to study the information carefully.

d. When accounting information is complete, neutral, and free from error, it is said to be a \(\qquad\) of the real-world economic event that it is intending to portray.

e. When multiple independent parties can agree on the measurement of an activity, the information is said to be \(\qquad\)

f. The characteristic of . \(\qquad\) is illustrated by a financial analyst needing information within the next week in order to make an investment decision.

\section*{Required:}
Complete each of the statements with the appropriate qualitative characteristic.
\section*{OBJECTIVE 1 Brief Exercise