E3-21

vlateHality laicil eaeh Item above with a description below 1 Ab ility to easily evaluate one company's results relative to another's. Belief that a company will continue to operate for the foreseeable future. The judgment concerning whether an item's size is large enough to matter to decision-makers The reporting of all information that would make a difference to financial statement users. 5. 6.- The practice of preparing financial statements at regular intervals -The quality of information that indicates the information makes a difference in a decision. A belief that items should be reported on the balance sheet at the price that was paid to acquire them. A company's use of the same accounting principles and methods from year Tracing accounting events to particular companies to year 9. The desire to minimize bias in financial statements. Reporting only those things that can be measured in monetary units. Dictates that efforts (expenses) be matched with results (revenues). 12. *E3-21 Speyeware International Inc., headquartered in Vancouver, Canada, specializes in Internet safety and computer security products for both the home and commercial mar- kets. In a recent balance sheet, it reported a deficit of US$5,678,288. It has reported only net losses since its inception. In spite of these losses, Speyeware's shares of st traded anywhere from a high of $3.70 to a low of $0.32 on the Canadian Venture Exchange