Question: Your answer is correct. Select the qualitative characteristics for the following statements. (a) Quality of information that assures users that information represents the economic

Your answer is correct. Select the qualitative characteristics for the following statements. (a) Quality of information that assures users that information represents the economic phenomena that it purports to represent. Faithful Representation (b) Information about an economic phenomenon that corrects past or present expectations based on previous evaluations. Confirmatory Value (c) The extent to which information is accurate in representing the economic substance of a transaction. Free From Error (d) Includes all the information that is necessary for a faithful representation of the economic phenomena that it purports to represent. Completeness (e) Quality of information that allows users to comprehend its meaning. Understandability Click if you would like to Show Work for this question: Open Show Work

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