Question: The Conceptual Framework for Financial Reporting 2010 classifies qualitative characteristics as fundamental and enhancing. Some of the characteristics include: (1) understandability (ii) comparability (iii) faithful

 The Conceptual Framework for Financial Reporting 2010 classifies qualitative characteristics as

The Conceptual Framework for Financial Reporting 2010 classifies qualitative characteristics as fundamental and enhancing. Some of the characteristics include: (1) understandability (ii) comparability (iii) faithful representation (iv) timeliness (v) verifiability (vi) relevance Which of the above are identified by the Conceptual Framework as fundamental? A. (ii) and (iv). B. (i) and (vi). C. (ii) and (vi). D. All of the above

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