Which of the Following Statements Is True for Fair Presentation

question 54

Multiple Choice

Which of the following statements is true for fair presentation frameworks? A fair presentation framework:

• A)allows for circumstances where additional note disclosures beyond the reporting framework may be necessary.
• B)allows for circumstances where it may be necessary to depart from a requirement of a reporting framework to achieve fair presentation.
• C)allows for circumstances where additional note disclosures beyond the reporting framework may be necessary and allows for circumstances where it may be necessary to depart from a requirement of a reporting framework to achieve fair presentation.
• D)requires strict conformance to a reporting framework to achieve fair presentation.

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Definitions:

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