SFAC No$.8,$ Chapter $3,$ identifies the qualitative characteristics that make accounting information useful. Presented below are a

number of questions related to these qualitative characteristics and underlying constraint.

a$.$ What is the quality of information that enables users to confirm or correct

prior expectations?

b$.$ Identify the pervasive constraint developed in the conceptual framework.

c$.$ The chairman of the SEC at one time noted, $"$If it becomes accepted or expected

that accounting principles are determined or modified in order to secure

purposes other than economic measurement, we assume a grave risk that

confidence in the credibility of our financial information system will be

undermined." Which qualitative characteristic of accounting information

should ensure that such a situation will not occur? $($Do not use faithful

representation.$)$

d$.$ Muruyama Corp. switches from FIFO to average$-$cost to FIFO over a $2-$year

period. Which qualitative characteristic of accounting information is not

followed?