Question 5 In the conceptual framework for financial reporting, what provides "the how the implementation of accounting? Qualitative characteristics of accounting information. OA OB Objective of financial reporting. OC. Elements of financial statements. OD. Recognition, measurement, and disclosure concepts such as assumptions, principles, and constraints. Question 11 Which of the following statements is a limitation of the income statement? OA. Provide a basis for predicting future performance. OB. Help assess the risk or uncertainty of achieving future cash flows. Evaluate the past performance of the enterprise. OD. Income measurement involves judgment