The International Accounting Standards Board's Conceptual Framework Includes a Cost

question 123

Multiple Choice

The International Accounting Standards Board's conceptual framework includes a cost constraint. Which of the following best describes the cost constraint?

• A) The benefits of the information must be greater than the costs of providing it.
• B) Financial information should be free from cost to users of the information.
• C) Costs of providing financial information are not always evident or measurable, but must be considered.
• D) All of the choices are correct.

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Definitions:

Facial Expression

Facial expression is the movement of the muscles beneath the skin of the face, conveying emotions, intentions, or social information.

Autism Spectrum Disorder (ASD)

A disorder that appears in childhood and is marked by significant deficiencies in communication and social interaction, and by rigidly fixated interests and repetitive behaviors.

Mirroring

The behavior in which an individual subconsciously imitates the gesture, speech pattern, or attitude of another.

Autism Spectrum Disorder

This describes a disorder where individuals face significant challenges in socializing and communicating, and exhibit repetitive behaviors and thought patterns.