19. According to IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors, when selecting an accounting policy, management must ensure that the chosen policy provides information that has which of the following characteristics? I Understandable II Relevant III Reliable IV Neutral 20. On 1 April 208 a company commenced construction work on a factory. The costs incurred are as follows: The company financed the entire project with a loan taken out on 1 March 20X8 at an interest rate of 6%. What is the carrying value of the factory in the financial statements for the year ended 31 December 208 assuming that it is not yet available for normal use? 21. Which of the following would individually explain an increase in the gross profit margin? ABCD[[[[[][[AnincreaseinsalesvolumeAnincreaseinthepriceofrawmaterialsAchangeinproductmixtowardshighermargingoodsAdecreaseindirectorsremuneration