Which of These Is Not a Criticism of Conceptual Framework

question 23

Multiple Choice

Which of these is not a criticism of conceptual framework projects?

• A)The logic is circular
• B)The definition of the elements provide no guidance to practising accountants
• C)There is no prior agreement on objectives
• D)The measurement of the elements of financial reporting is too highly specified

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Definitions:

Ceiling Fan

An electrically powered fan mounted to the ceiling of a room, which rotates blades to circulate air and provide cooling.

Fixture

An item that was originally a piece of personal property but becomes part of realty after it is permanently attached to the real property in question.

Subsurface Rights

Legal rights to use and develop the area below the earth's surface, such as minerals, oil, and gas.

Underground Materials

Substances found beneath the earth's surface which can include minerals, oil, gas, or groundwater.