For each of the following situations listed below, match the following information quality characteristic that either most accurstely applies to the situation, or would be the best characteristic to improve the information. More than one characteristic could apely to each situation but choose the most appropriate one.

Question

Oil and gas companies consistently apply the samelindustrysipecific accounting standards to their financial statements, and so there should be a high level of $($fill in the characteristic$)$ within that industry.

A company with information about a probable and material lawsuit must report it in the notes to its financial statements. An attempt to withhold this information indicates bias and not $($fill in characteristic$).$

Financial statements include information on cash flows so that financial analysts and investors can evaluate the accuracy of their past predictions.

Financial analysts and investors use past financial statements as a basis to chart: performance trends and make predictions about future performance, including profitability and cash flow, for business valuation purposes.

Characterintie

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