Referring to the qualitative characteristics of accounting?information, indicate the fundamental characteristic?(relevance or representationally?faithful) and its related attribute?(confirmatory value,?completeness, materiality,?neutrality, or predictive?value) for each of the following uses of accounting information.

Use of Accounting Information

Fundamental Characteristic

Attribute

a.

This year's reported earnings per share is $.50 below analysts' forecasts

b.

Potential creditors review a company's long-term liabilities footnote to determine that entity's ability to assume additional debt.

c.

A corporation discloses both favorable and unfavorable tax settlements.

d.

A company discloses the write-off of an

accounts receivable. The receivable due from a major customer accounts for 35% of the company's current assets.

e.

A financial analyst computes a company's five-year average cost of goods sold in order to forecast next year's profit margin.

Requirement Referring to the qualitative characteristics of accounting information, indicate the fundamental characteristic (relevance or representationally faithful) and its related attribute (confirmatory value, completeness, materiality, neutrality, or predictive value) for each of the following uses of accounting information. Use of Accounting Information This year's reported earnings per share is $.50 Fundamental Characteristic Attribute below analysts' forecasts potential creditors review a company's long-term liabilities footnote to determine that entity's ability to b. assume additional debt. A corporation discloses both favorable and unfavorable tax settlements. A company discloses the write-off ccounts receivable. The receivable due from a major customer accounts for 35% of the company's current assets. A financial analyst computes a company's five-year average cost of goods sold in order to forecast next year's profit margin