2. Lindsay bought a new Mercedes. Her new Mercedes comes with a 5 year warranty for manufacturing defects on the car. Mercedes decided to book the revenue for the sale today and book a corresponding provision for the future costs related to the warranty of the car. Mercedes based their estimates on past observation of warranty claims, however, they are not certain of the exact cost of the repair that will need to be made to Lindsay's car. The qualitative characteristic of accounting information that requires Mercedes to do this is: a. Representational faithfulness b. Relevance C. Neutrality d. Verifiability

2. Lindsay bought a new Mercedes. Her new Mercedes comes with a 5 year warr Thty for manufacturing defects on the car. Mercedes decided to book the revenue for the sale today and book a corresponding provision for the future costs related to the warranty of the car. Mercedes based their estimates on past observation of warranty claims, however, they are not certain of the exact cost of the repair that will need to be made to Lindsay's car. The qualitative characteristic of accounting information that requires Mercedes to do this is: a. Representational faithfulness b. Relevance c. Neutrality d. Verifiability