Match each of the following items with the correct accounting framework concept. Omission or misstatement of information could influence the decisions of users > Users can identify and understand similarities in, and differences among items Accounting information has three characteristics complete (nothing important was omitted) neutral (not biased toward one position or another), and free from material error. 1. Relevance Accounting information N. Faithful Representation material error. 1. Relevance 2. Faithful Representation Accounting information influences a user's decision 3. Comparability > 4. Verifiability Different knowledgeable and independent users can reach consensus that the accounting information is faithfully represented 5. Timeliness 6. Understandability A creditor assumes that a company will continue to operate in the future 7. Neutral 8. Materiality The cost of preparing financial information should not outweigh the value of that information to users 9. Going Concern Assumption information to users. 9. Going Concern Assumption 10. Cost Constraint Accounting information is made available to decision makers before it loses its ability to influence decisions. Users with a reasonable knowledge of business can interpret the information presented and comprehend its meaning > Accounting information cannot be selected prepared, or presented to favour one set of interested users over another