Fill in the blanks related to the following statements.

1. Financial reporting imposes __________; the benefits of financial reporting should justify those __________.

2. The information provided by __________ __________ __________ __________ focuses on the needs of all capital providers, not just the needs of a particular group.

3. A depiction of economic phenomena is __________ if it includes all the information that is necessary for faithful representation of the economic phenomena that it purports to represent.

4. __________ is the quality of information that allows users to comprehend its meaning.

5. __________ is the quality of information that permits users to identify similarities in and differences between two sets of economic phenomena.

6. Information about economic phenomena has __________ __________ if it confirms or changes past or present expectations based on previous evaluations.