Choice "B" is correct. The fundamental qualitative characteristics of useful financial information are relevance and faithful representation.
Choice "a" is incorrect. Comparability is an enhancing qualitative characteristic. Materiality is a component of relevance, in addition to predictive value and confirming value.
Choice "c" is incorrect. Understandability and timeliness are enhancing qualitative characteristics of useful financial information.
Choice "d" is incorrect. Verifiability is an enhancing qualitative characteristic. Neutrality is a component of faithful representation.
