The Objective of Financial Reporting in the International Accounting Standards

question 119

Multiple Choice

The objective of financial reporting in the International Accounting Standards Board's (IASB's) Conceptual Framework

• A) Is the foundation for the Framework.
• B) Includes the qualitative characteristics that make accounting information useful.
• C) Is found on the third level of the Framework.
• D) All of the choices are correct regarding the objective of financial reporting.

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