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Exercise 11-3 X Your answer is incorrect. Try again. For each of the following independent situations, indicate which component of qualitative characteristics applies. 1. The results for the economic performance confirms Sam's predictions about the company. Predictive Value 2. The manager records the cost of a new building as an asset. Completeness 3. A company prepares notes to the financial statements to ensure all relevant information is given to users. X Free From Material Error 4. After studying the financial statements, Lori determines that the company's earnings will increase 1% to 2% over the next two years. Feedback Value LINK TO TEXT