Requirement Referring to the qualitative characteristics of accounting information, indicate the fundamental characteristic (relevance or representationally fathu) and its related attribute (confirmatory value, completeness, materialty neutrality or predictive value) for each of the following uses of accounting information a Use of Accounting Information This year's reported earnings per share is 5.50 below analysts' forecasts Potential creditors review a company's long- term liabilities footnote to determine that entity's b. ability to assume additional debt. A corporation discloses both favorable and e 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. A financial analyst computes a company's five- year average cost of goods sold in order to forecast next year's profit margin. Fundamental Characteristic Attribute $.50 ng- entity's d Fundamental Characteristic Attribute From a s five- Faithful representation Faithful representation and relevance Relevance to istic (relevance or representation ntal Characteristic Attribute Complete Confirmatory value Free from error Materiality Materiality and complete Neutral Neutral and free from error Predictive value