"According to the new conceptual framework, which of the following statements is false?"

		An economic resource is a right that has the potential to produce economic benefits.
		An asset is a present economic resource controlled by the entity as a result of past events.
		A liability is a future obligation of the entity to transfer an economic resource as a result of past events.
		An obligation is a duty or responsibility that the entity has no practical ability to avoid.

Which of the following statements is true of the qualitative characteristic 'faithful representation'?

		"To be a perfectly faithful representation, a depiction would be complete, accurate and free from error. "
		"To be a perfectly faithful representation, a depiction would be complete, neutral and free from error. "
		"To be a perfectly faithful representation, a depiction would be neutral and accurate. "
		"To be a perfectly faithful representation, a depiction would be complete and neutral. "