(c) The US. Securities and Exchange Commission chairman once noted that if it becomes accepted or expected that accounting principles are determined or modied in order to achieve goals that do not involve economic measurement, we risk a serious loss in condence in the credibility of our nancial information system. Which qualitative characteristic of accounting information should ensure that this situation will not occur? (d) Owens Corp. chooses to account for a transaction based simply on its legal form. Is this acceptable? (e) Companies in the mining industry defer losses on their properties because recognizing such losses immediately could have adverse economic consequences for the industry. Which qualitative characteristic of accounting information is not followed? (f) Only Once Ltd. provides overly complicated descriptions and explanations in its statement notes and provides only aggregated totals on the face of its financial statements. Which qualitative characteristic of accounting information is not followed? (g) Baskins does not issue its rstquarter report until after the second quarter's results are reported