Presented below is a set of qualitative characteristics of accounting information.

(a) Predictive value

(c) Verifiable

(b) Neutral

(d) Timely Match these qualitative characteristics to the following statements, using letters a through d.

1. Accounting information should help users make predictions about the outcome of past, present, and future events.

2. Accounting information cannot be selected, prepared, or presented to favor one set of interested users over another.

3. Accounting information must be proved to be free of error and bias.

4. Accounting information must be available to decision makers before it loses its capacity to influence their decisions.