The conceptual framework identifies the fundamental and enhancing qualitative characteristics that make accounting information useful. Answer the following questions related to these qualitative characteristics. a. Which quality of financial information makes it possible for users to confirm or correct prior expectations? c. The U.S. Securities and Exchange Commission chairman once noted that. if it becomes accepted or expected that accounting principles are determined or modified in order to achieve goals that do not involve economic measurement, we risk a serious loss of confidence in the credibility of our financial information system. Which qualitative characteristic of accounting information should ensure that this situation will not occur? d. Milner Corp. chooses to account for a transaction based simply on its legal form. Is this acceptable? e. Companies in the mining industry defer losses on their properties because recognizing such losses immediately could have adverse economic consequences for the industry. Which qualitative characteristic of accounting information is not followed? f. Only Once Ltd. provides overly complicated descriptions and explanations in its statement notes and provides only aggregated totals on the face of its financial statements. Which qualitative characteristic of accounting information is not followed