Question 7 According to the IASB Framework for the Preparation and Presentation of Financial Statements, the fundamental qualitative characteristic of relevance includes Predictive value and feedback value Verability, neutrality and representational anthiness Predictive value and contemtory value Comparability and timeliness D Question 8 Achange in valuation techniques used to measure fair value should be reported as Achange in accounting principle with retrospective statement An error correction with statement of the tranda statements of previous per Acurge in courting estimate reported on a prospective basis An extraordinary item on the current year's Income statement Question 9 In calculating present in a situation with a range of possible outcomes all discounted using the same interest rate the expected present value would be The outcome The minimum outcome The sumo probability weltted present values