Which of the Following Expectations Regarding the Economic and Social

question 15

Multiple Choice

Which of the following expectations regarding the economic and social consequences of accounting standards on affected parties is not in line with statements by standards-setters?

• A) Accounting standards should be neutral and free from bias.
• B) Accounting standards should represent faithfully the underlying transactions.
• C) Accounting standards should consider the potential impact on others.
• D) None of the given options is correct.

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