Indicate whether the following statements about the conceptual framework are true or talse.

a$.$ The fundamental qualitative characteristics that make accounting information useful are relevance and verlibablity.

b$.$ Relevant information only has predictive value, conhrmatory value, or both.

c$.$ Information that is a failhul representation in characteried as having predictive or conflumatory waloe.

d$.$ Comparability pertains only to the reporting of information in a similar manner for different companies.

e$.$ Werifabality is solely an entareing characteristic for faiphel represertation

In preparing financial reports, it is assumed that users of the reports have reanonaliz arombefor of baniness and exoreonic activition.