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Qualitative characteristic being employed when companies in the same industry are using the same accounting principles. RelevanceComparability, Verifiability, Timeliness, and UnderstabilityTimelinessFaithful RepresentationPredictive valueComparabilityConfirmatory ValueFree From

Qualitative characteristic being employed when companies in the same industry are using the same accounting principles.
image text in transcribed RelevanceComparability, Verifiability, Timeliness, and UnderstabilityTimelinessFaithful RepresentationPredictive valueComparabilityConfirmatory ValueFree From ErrorNeutralityRelevance and Faithful RepresentationMaterialityCompletenessVerifiabilityUnderstandability
(b) Quality of information that confirms users earlier expectations.
image text in transcribed TimelinessMaterialityRelevanceUnderstandabilityRelevance and Faithful RepresentationComparability, Verifiability, Timeliness, and UnderstabilityFaithful RepresentationPredictive valueCompletenessConfirmatory ValueVerifiabilityFree From ErrorComparabilityNeutrality
(c) Imperative for providing comparisons of a company from period to period.
image text in transcribed MaterialityVerifiabilityConsistencyFree From ErrorRelevance and Faithful RepresentationUnderstandabilityComparability, Verifiability, Timeliness, and UnderstabilityPredictive valueRelevanceConfirmatory ValueTimelinessFaithful RepresentationNeutralityCompleteness
(d) Ignores the economic consequences of a standard or rule.
image text in transcribed ComparabilityFree From ErrorUnderstandabilityRelevance and Faithful RepresentationComparability, Verifiability, Timeliness, and UnderstabilityMaterialityCompletenessTimelinessVerifiabilityRelevancePredictive valueFaithful RepresentationConfirmatory ValueNeutrality
(e) Requires a high degree of consensus among individuals on a given measurement.
image text in transcribed ComparabilityVerifiabilityNeutralityRelevanceCompletenessTimelinessFree From ErrorMaterialityUnderstandabilityComparability, Verifiability, Timeliness, and UnderstabilityRelevance and Faithful RepresentationFaithful RepresentationPredictive valueConfirmatory Value
(f) Predictive value is an ingredient of this fundamental quality of information.
image text in transcribed Relevance and Faithful RepresentationVerifiabilityNeutralityPredictive valueRelevanceCompletenessMaterialityConfirmatory ValueUnderstandabilityComparabilityTimelinessFree From ErrorFaithful RepresentationComparability, Verifiability, Timeliness, and Understability
(g) Four qualitative characteristics that are related to both relevance and faithful representation.
image text in transcribed TimelinessConfirmatory ValueMaterialityFree From ErrorNeutralityCompletenessRelevance and Faithful RepresentationComparabilityFaithful RepresentationComparability, Verifiability, Timeliness, and UnderstabilityVerifiabilityUnderstandabilityRelevancePredictive value
(h) An item is not recorded because its effect on income would not change a decision.
image text in transcribed MaterialityUnderstandabilityFree From ErrorComparability, Verifiability, Timeliness, and UnderstabilityFaithful RepresentationComparabilityRelevance and Faithful RepresentationCompletenessRelevancePredictive valueConfirmatory ValueNeutralityTimelinessVerifiability
(i) Neutrality is an ingredient of this fundamental quality of accounting information.
image text in transcribed RelevanceUnderstandabilityTimelinessVerifiabilityFaithful RepresentationPredictive valueCompletenessNeutralityMaterialityConfirmatory ValueComparabilityFree From ErrorRelevance and Faithful RepresentationComparability, Verifiability, Timeliness, and Understability
(j) Two fundamental qualities that make accounting information useful for decision-making purposes.
image text in transcribed

On the question above please choose what is the right asnwer below that would match the above question please.

1.Relevance

2. Comparability, verify, timeliness, undanstablity

3. Timelliness

4. Faith Representation

5. Predictive Valve

6. Comparability

7. Confirmatory Valve

8. Free From Error

9. Neutrality

10. Relevance, and faithful Representation

11. Materiality

12. Completness

13. verifiability

14. Undestandability

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