QUESTION 8 Listed below are the fundamental and enhancing qualitative characteristics that make accounting information useful. Match the characteristic that more closely addresses the situation presented. Some letters may not be used at all and some may be used more than once. Should information be provided that financial statement users might find helpful in predicting future income? b. Verifiability Should equipment leased on a long-term basis be reported .Timelines as an asset (the economic substance of the transaction) or d. should it be reported as a rental (the form of the transaction)? Faithful representation e. Comparability When financia nformation is free from error or bias, the f. Relevance information is said to possess this characteristic. Griffin Company uses the same depreciation method from period to period. g Understandability h. ' A quality of information that enables an analyst to evaluate the financial performance of two different companies in the same industry A qualtiy of information that enables a financial analyst needing information within the next week in order to make an investment decision