Qualitative Description _ _ Characteristic 1. The information to include in reports should take into account whether an omission or v misstatement could influence a user's decision. 2. Information that has the capacity to make a difference in a decision V 3. Information that is complete, neutral, and free from error V 4. Information that allows for comparisons to be made for two or more accounting v periods for a single company 5. Information that is meaningful to those who are willing to learn to use it properly V 6. Information that allows for comparisons to be made between or among companies V 2. EX.02.03 Classification of Financial Statement Items Regal Entertainment Group operates the largest chain of movie theaters in the U.S. Classify each of the following items found on the company's balance sheet included in the Form 10-K for the fiscal year ended December 31, 2015 as a Current asset, Noncurrent asset, Current liability, Long-term liability, or Stockholders' equity item. 1. Trade and other receivables, net 2. Class A common stock Land Inventories . Interest payable mines . Equipment 7. Accounts payable 8. Retained earnings 9. Cash and cash equivalents 111444444 10. Long-term debt, less current portion 3. EX.02.04 Current Ratio Baldwin Corp. reported the following current accounts at the end of two recent years: December 31, 2017 December 31, 2016 Cash $3,000 $6,000 Accounts receivable 15,000 10,000 Inventory 12,000 8,000 6/17/2018