In a Multiple-Step Statement of Comprehensive Income, Other Comprehensive Income items will go above the determination of net income. True False QUESTION 2 ASPE requires an entity to present an analysis of expenses based on either nature or function True False QUESTION 3 According to the Conceptual Framework for Financial Reporting, a qualitative characteristic of financial information is Representational Faithfulness. Two characteristics of Representational Faithfulness include, Complete and Timeliness. True False QUESTION 4 Earnings Per Share (EPS) is a calculation that must be presented for financial reporting specifically, when reporting the Statement of Comprehensive Income, under IFRS. True False QUESTION 5 According to the Conceptual Framework for Financial Reporting, two characteristics of Relevant information include, Free from Error and Feedback Value True False