Faithful representation is a fundamental characteristic of useful information within the IASB'S Conceptual framework for financial reporting. Which of the following accounting treatments correctly applies the principle of faithful representation? a. Excluding a subsidiary from consolidation because its activities are not compatible with those of the rest of the group b. Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with 0% (interest free) finance c. Recording the whole of the net proceeds from the issue of a loan note which is potentially convertible to equity shares as debt (liability) d. Reporting a transaction based on its legal status rather than its economic substance