Please answer the Exercise 2.5.21, 2.5.22 and 2.5.23 with your detailed explanations, it's much appreciated!

.21 Complete the following statement. 'The financial statements are normally prepared on the assumption that an entity is a and will continue in operation for the foreseeable future.' 2.22 Current value accounting attempts to address some of the problems of historical cost accounting by using information updated to reflect conditions at the measurement date. Which of the following are current value measurement basis? (1) Fair value (2) Value in use (3) Current cost 1 only 1 and 2 only 2 and 3 only 1,2 and 3 2.23 Information that can be independently verified is generally more useful for decision making than information that cannot. Which qualitative characteristic is being described here? The qualitative characteristic being described here is