Which qualitative characteristic or assumption is best represented by the following statement? Information is categorized so as to be clear and concise.

Question $4$ options:

$1)$

faithful

$2)$

full disclosure

$3)$

historic cost

$4)$

time period

$5)$

unit$-$of$-$measure

$6)$

understandable

$7)$

verifiable

$8)$

separate entity

$9)$

relevant

$10)$

comparable

$11)$

going concern