Question: Question # 1: (10 points) A - List and explain the qualitative characteristics that enhance the usefulness of information that is relevant and faithfully represented?

Question # 1: (10 points)

A - List and explain the qualitative characteristics that enhance the usefulness of information that is relevant and faithfully represented? Give example for each? (6 points)

B - SFAC No. 8 that identifies the qualitative characteristics of accounting information that distinguish better (more useful information from inferior (less useful information for decision-making purposes.) Who are the primary users of financial information according to the CFP? What are their characteristics? And what decisions they make ? (4 points)

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