Hello everyone, l need explanation of the answers, why we choose these answers. l need just number 15,16,17,18,19

15. Which of the following Statements of Financial Accounting Concepts defines the 10 elements of financial statements? A. SFAC 4 B. SFAC 3. SFAC 5. SFAC 6 16. Primecoat Corporation could disseminate its annual financial statements two days earlier if it shifted substantial human resources from other operations to the annual report project. Management decided the value of the earlier A. Timeliness. B. Materiality. report was not worth the added commitment of resources. The concept demonstrated is: Relevance. Cost-effectiveness. . Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. The company's independent llectible accounts,. The company's independent accountants did not protest when, contrary to GAAP, the company recorded bad debt expense only when specific accounts were than use an allowance for uncollectible accounts. The concept demonstrated is: A. Comparability B. Faithful representation. C. Cost-effectiveness. determined to be uncollectible, rather Materiality Four different competent accountants independently agree on the amount and method of reporting an 18. Four diferent competent accountants i economic event. The concept demonstrated is A. Reliability B. Comparability C. Completeness. D) Verifiability 19. If a company has declared bankruptcy, its financial statements likely violate A. The fair value measurement approach. B. The present value measurement approach. The stable monetary unit assumption. D. The going concern assumption