(Solved): Indicate whether the following statements about the conceptual framework are true or talse. a. The f ...

Indicate whether the following statements about the conceptual framework are true or talse. a. The fundamental qualitative characteristics that make accounting information useful are relevance and verlibablity. b. Relevant information only has predictive value, conhrmatory value, or both. c. Information that is a failhul representation in characteried as having predictive or conflumatory waloe. d. Comparability pertains only to the reporting of information in a similar manner for different companies. e. Werifabality is solely an entareing characteristic for faiphel represertation In preparing financial reports, it is assumed that users of the reports have reanonaliz arombefor of baniness and exoreonic activition.