Question 5 Which qualitative characteristic of accounting information allows users to comprehend its meaning? O A. Completeness OB. Verifiability O c. Understandability. O D. Materiality Question 6 0.75 points Save Answe Because the company's income is low this year, a switch from accelerated depreciation to straight-line depreciation is made this year. For this case, which accounting principle, assumption or qualitative characteristic is violated? O A. Materiality O B. Neutrality. O c. Comparability. O D. Faithful representation. Question 7 0.75 point Which of the following represents a form of communication through financial reporting but not through financial statements? O A. Statement of financial position. O B. Income statement. O c. Notes to financial statements. O D. President's letter. Activate W Go to Settings Question 8 0.75 points Save Financial reporting provides information that pertains to: O A. Business industries, rather than to individual enterprises or an economy as a whole or to members of society as consumers. O B. An economy as a whole and to members of society as consumers, rather than to individual enterprises or industries. O C. Individual business enterprises, industries, and an economy as a whole, rather than to members of society as consumers. O D. Individual business enterprises, rather than to industries or an economy as a whole or to members of society as consumers