Presented below is a set of qualitative characteristics of accounting information.

1. Free from error 3. Predictive value

2. Comparability 4. Neutral

Match these qualitative characteristics to the following statements, using the numbers above.

(a) ________ Accounting information should help users make predictions about the outcome of

future events.

(b) ________ Accounting information cannot be selected, prepared, or presented to favor one

set of interested users over another.

(c) ________ Accounting information must state the information correctly.

(d) ________ Accounting information is more useful when different companies use the same

accounting principles.