Question 1: Select from the following list which qualitative characteristics of the Conceptual Framework best describes each scenario. Relevance Neutrality Verifiability Faithful representation Completeness Understandability Predictive value Timeliness Comparability Confirmatory value Materiality Free from Error a. Information meets this fundamental quality when it helps to predict future outcomes. b. The accountant should not consider the economic impact of the transaction when deciding whether or not to record it in the accounting system. c. Companies issue reports every quarter d. Information that would change an investor's or creditor's decision c. The financial statements reflect all of the transactions of the business for their respective time periods