Final answer:
The characteristic jeopardized by Surefeet Corporation changing its inventory valuation method is c. Consistency. This affects the ability of stakeholders to compare financial statements over different periods, although with proper disclosure, the change can sometimes lead to more representational faithfulness.
Step-by-step explanation:
When Surefeet Corporation changed its inventory valuation method, the characteristic that is jeopardized by this change is c. Consistency. Consistency in accounting means that a company uses the same accounting principles and methods from period to period unless it has a sound reason to change them. When a company changes its inventory valuation method, this directly affects the consistency of financial reporting.
Consistency is crucial because it allows for comparability across different accounting periods. Stakeholders such as investors, creditors, and analysts rely on the comparability of financial statements to make informed decisions. When consistency is compromised, it becomes difficult to compare the company's financial statements over time, reducing their usefulness.
However, it is important to note that in certain situations, changing the inventory valuation method might be justified if the new method provides more reliable and relevant information about the company's financial condition and the results of its operations, which relates to representational faithfulness. But when such a change is made, it should be disclosed thoroughly so that users of financial statements understand the implications of the change.
As for the other options, comparability and feedback value are also important characteristics, but the most directly affected by a change in inventory valuation method is consistency. Comparability could be impacted as an indirect effect of inconsistency, but it is not the primary characteristic in jeopardy.