on 16 t ered ed out of ABC Company prepares Balance Sheet reporting assets, liabilities and capital as of December 31, 2016 annually thereafter. Also the company presented in its Current Asset section of its Balance Sheet, machines costing OMR 50,000. Which qualitative characteristics are applied or violated in JFB Companys financial statements? g cion O a. Applies Timeliness and violates Understandability b. None of these c. Applies Timeliness and applies Understandability d. Violates Understandability and applies Verifiability