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You are given the following qualitative characteristics: 1. Timeliness 6. Faithful representation 2. Completeness 7. Relevance 3. Free from error 8. Neutrality 4. Comparability 9.

You are given the following qualitative characteristics: 1. Timeliness 6. Faithful representation 2. Completeness 7. Relevance 3. Free from error 8. Neutrality 4. Comparability 9. Confirmatory value 5. Predictive value Which qualitative characteristic applies to the following statement: The extent to which information is accurate in representing the economic substance of a transaction.

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