Answer:
1. Comparability: Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena.
2. Timeliness: Having information available to users before it loses its capacity to influence decisions.
3. Predictive Value: Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.
4. Relevance: Information that is capable of making a difference in the decisions of users in their capacity as capital providers.
5. Neutrality: Absence of bias intended to attain a predetermined result or to induce a particular behavior.
6. Faithful Representation: Quality of information that assures users that information represents the economic phenomena that it purports to represent.
7. Free From Error: The extent to which information is accurate in representing the economic substance of a transaction.
8. Completeness: Includes all the information that is necessary for a faithful representation of the economic phenomena that it purports to represent.
9. Understandability: Quality of information that allows users to comprehend its meaning.
10. Verifiability: The annual reports of Best Buy Co. are audited by certified public accountants.
