The "Code First" Notation Can Usually Be Ignored

question 3

True/False

The "code first" notation can usually be ignored.

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Definitions:

Conceptual Framework

An underlying structure in accounting that outlines the objectives and fundamentals leading to consistent standards and financial reporting.

Qualitative Characteristic

A fundamental attribute that makes the information provided in financial statements useful to users.

Going Concern

An accounting principle that assumes a company will continue in operational existence for the foreseeable future, without the intention or necessity of liquidation.