Which of the Following Items Is NOT Included in FASB's

question 82

Multiple Choice

Which of the following items is NOT included in FASB's conceptual framework of accounting theory?

• A) qualities of useful accounting information
• B) fundamental principles and assumptions that guide financial accounting and reporting
• C) objectives of financial reporting
• D) All of these choices are included in the conceptual framework

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Definitions:

Floating-point Expression

A type of expression in programming that allows for the representation of real numbers with fractional parts, using a format that can store a wide range of values.

Double-precision

A format for representing floating-point numbers that uses double the amount of storage compared to single-precision, allowing for increased precision.

Single-precision

Refers to a floating-point number format that uses 32 bits, offering a compromise between range and precision.

Remainder Operator

The remainder operator, often % in many programming languages, calculates the remainder of the division between two numbers.