Which of the following statements most accurately reflects the qualitative characteristics of financial information in the IASB conceptual framework?

Select one:

a.

These attributes or qualities determine whether an entity is considered to be a reporting entity.

b.

These attributes or qualities satisfy the definition of elements in the financial reports.

c.

These are attributes or qualities that financial information should possess if it is to be useful for such decision making.

d.

All of the given answers are correct.