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Which of the following statements a) b) or c) is false?
FASB
The Financial Accounting Standards Board, an organization that establishes financial accounting and reporting standards in the United States.
Financial Accounting
The field of accounting focused on the summary, analysis, and reporting of financial transactions pertaining to a business, leading to the creation of financial statements.
Decision-making
The process of selecting the best course of action from available alternatives based on specific objectives and constraints.
External Users
Individuals or entities outside a company who use the company’s financial information for decision-making purposes.
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