Which of the following 3. are considered secondary characteristics of accounting information? verifiability and feedback value a. b. predictive value and timeliness comparability and consistency . representational faithfulness and neutrality Two constraints mentioned by the FASB in Statement of Financial Accounting Concepts 4. No. 2 on qualitative characteristics are understandability and decision usefulness . comparability and consistency b. I relevance and reliability . benefits greater than costs and materiality d. Which of the following items would be a violation of materiality? 5. a company did not separately report an unusual gain of $50,000. Its income from a. operations was $5,000,000 a company expensed the purchase of pencil sharpeners that have an estimated useful life b. of three years a $25,000 illegal bribe to a foreign official was not separately disclosed in the annual . ort a $5,000 expenditure to improve a building that originally cost $5,000,000 was d. expensed