Listed below are several of the Fundamental and Enhancing Qualitative Characteristics. Required: Match the characteristic that goes with following statement: the information has a direct bearing on a decision because it has either predictive value, confirmative value, or both. Further, it is subject to materiality. a. Understandibility b. Relevance c. Reliability d. Predictive value 2. Which accounting convention requires a note to the financial statements explaining the company's method of revenue recognition? a. Comparability and consistency b. Materiality c. Conservatism d. Full disclosure 3. A company should classify land held for a planned manufacturing facility as a. an intangible asset. b. an investment. c. a current asset. d. property, plant, and equipment. 4. Which of the following should be classified as an intangible asset? a. Land held for future use. b. Accounts receivable c. Buildings d. Franchise