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Matching (10% . each 2%) Match the qualitative characteristics below with the following statements (Each qualitative characteristic can use more than one time) A. Timeliness F. Predictive value B. Completeness G. Neutrality C. Free from crror H. Confirmatory value D. Understandability I. Verifiability E. Comparability J. Materiality 1. 2. An item is not reported because its effect on income would not change a decision Information about an economic phenomenon that changes past or present expectations based on previous evaluations. Issuance of interim reports is an example of what enhancing ingredient? 3. 4. The annual reports of Best Buy Co. arc audited by certified public accountants. Duggan, Inc. is the only company in its industry to depreciate its plant assets on a straight-line basis. Which qualitative characteristic of accounting information may not be present? Page 4 of 11