Identify which foundational principles and/or qualitative characteristics of accounting information that are violated in the following situation. Interest-free loans made to a major shareholder are not recorded. Qualitative Characteristic Representational Faithfulness (2.5 marks) Foundational Principle Full Disclosure Principle (2.5 marks) Details on complex financial instruments are not provided. Qualitative Characteristic Understandability (2.5 marks) Foundational Principle Full Disclosure Principle (2.5 marks)