5-4 Write down the terms that correctly fill in the blanks. Fundamental Qualities of Accounting Information To be __________________, accounting information must be capable of making a difference in a decision. Financial information is capable of making a difference when it has ______________________, and/or ________________________. A company-specific aspect of this quality is __________________. _______________________________means that the accounting data reflects what really existed or happened. The ingredients of this quality are ___________________, ______________________, and __________________________. Enhancements to the Fundamental Qualities _____________________ allows users to evaluate the similarities and differences between companies. _____________________ allows users to evaluate the similarities and differences in the same company from one period to the next. ______________________ means that independent measurers, when using the same methods, arrive at the same or similar results. Having information available to decision-makers before it loses its ability to influence decisions is referred to as _________________________. The quality of information that lets reasonably informed users see its significance is called _________________________. Assumptions regarding accounting information The assumption that a company can divide its economic activities into artificial time periods is called _____________________