Identify the appropriate qualitative characteristic(s) to be used given the information provided below. A. Qualitative characteristic being employed when companies in the same industry are using the same
accounting principles.
B. Quality of information that confirms users’ earlier expectations.
C. Imperative for providing comparisons of a company from period to period.
D. Ignores the economic consequences of a standard or rule.
E. Requires a high degree of consensus among individuals on a given measurement.
F. Predictive value is an ingredient of this fundamental quality of information.
G. Four qualitative characteristics that are related to both relevance and faithful representation.
H. An item is not recorded because its effect on income would not change a decision.
I. Neutrality is an ingredient of this fundamental quality of accounting information.
J. Two fundamental qualities that make accounting information useful for decision-making purposes.
K. Issuance of interim reports is an example of what enhancing quality of relevance?

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For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.