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

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

The assumption that a company keeps its economic activities separate from the activities of its owners

or any other entity is called $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

The assumption that a company will have a long life, and continue into the future, is called

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$