Identify which specific qualitative characteristic of accounting information is best described in each item below. Transaction a Global Corp. issues its quarterly reports within five days after each quarter ends. Timeliness Answer b The annual financial reports of Treelivingo Corp. are audited by public accountants. c Titus Group presented its financial information in a way that allowed informed users to comprehend the meaning of the information. d Filipo Inc. segregates information that relates to one of its two subsidiaries, which was disposed of in the year but was included in its consolidated statements for prior years. e Crypt Technologies reported all financial information that could have an impact on the decisions of the users of the financial statements. f Ron Co. applied a certain accounting policy that allowed the company to report lower assets and net income. A different accounting policy was available that would have resulted in a higher balance of assets and net income. Reliability