The following selected items relate to the qualitative characteristics of useful information:

1. Comparability

2. Materiality

3. Neutrality

4. Timeliness

5. Faithful representation

6. Feedback value

7. Predictive value

8. Consistency

9. Understandability

10. Verifiability

11. Complete

Match these qualitative characteristics to the following statements, using numbers 1 to 11.

(a) _______Accounting information must be available to decision makers before the information loses its ability to influence their decisions.

(b) _______Accounting information provides a basis to evaluate decisions made in the past.

(c) _______ Accounting information cannot be selected, prepared, or presented to favour one set of interested users over another.

(d) _______Accounting information reports the economic substance of a transaction, not its legal form.

(e) _______Accounting information helps reduce uncertainty about the future.

(f) _______ Accounting information must be provided in such a way that knowledgeable and independent people agree that it faithfully represents the economic reality of the transaction or event.

(g) _______ Accounting information about one company can be evaluated in relation to accounting information from another company.

(h) _______Accounting information is provided in such a way that enables reasonably informed users to interpret and comprehend the meaning of the information provided in the financial statements.

(i) _______Accounting information in a company is prepared using the same principles and methods year after year.

(j) _______ Accounting information that is insignificant and not likely to influence a decision does not need to be disclosed.

(k)_______ Accounting information includes all information necessary to show the economic reality of the transaction.