For each independent situation described in the table below, name the qualitative characteristic of accounting information that applies and record your answer in the left column of the table. Qualitative Characteristic Situation An independent outside expert is retained to assess the value of the recorded amounts for tangible and intangible capital assets. Past trends are used to forecast this year's sales. Financial statements are issued four weeks after the year- end even though this requires the use of estimates for some of the elements. Adjustments are made to financial statements that both increase and decrease net income despite the manager's preference to report lower net income. A company uses the FIFO method of inventory valuation from year to year