4. For each of the following situation, identify the qualitative characteristics that may not be present, by providing appropriate justification for your answer: a) Syarikat Permata has decided to issue the first quarter financial report only after the second quarter has been prepared, in an effort to ensure that there are no long intervals in between the issuance of the reports. b) Guna industries switched from weighted average method to FIFO in 2013 and switched back from FIFO to weighted average in 2014 for inventories. c) Normad Construction entered into several transactions for the purpose of hedging in the current period. However, no disclosure was made with regard to these transactions to avoid confusion amongst users of financial statements as the transactions involved were complex. d) Mewah Industries has decided to report its head office building at fair value as at the end of the current reporting period. Three different appraisers have arrived at substantially different amounts for its fair value. The board has decided to use the middle range value for financial reporting purposes so as to not overstate or understate the fair value of the building