BE2.4 (LO 2) Identify which qualitative characteristic of accounting information is best described in each item below. (Do not use relevance and faithful representation.) a. The annual reports of Best Buy Co. are audited by certified public accountants. b. Black & Decker and Cannondale Corporation both use the FIFO cost flow assumption. Printed by: bradfordt@gram.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. c. Starbucks Corporation has used straight-line depreciation since it began operations. d. Motorola issues its quarterly reports immediately after each quarter ends.

BE2.4 (LO 2) Identify which qualitative characteristic of accounting information is best described in each item below. (Do not use relevance and faithful representation.) a. The annual reports of Best Buy Co. are audited by certified public accountants. b. Black \& Decker and Cannondale Corporation both use the FIFO cost flow assumption. Printed by: bradfordt @ gram edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. c. Starbucks Corporation has used straight-line depreciation since it began operations. d. Motorola issues its quarterly reports immediately after each quarter ends