The Underlying or Fundamental Objective of the Accounting Conceptual Framework

question 35

Multiple Choice

The underlying or fundamental objective of the accounting conceptual framework is

• A)decision usefulness.
• B)comparability.
• C)representational faithfulness.
• D)understandability.

---

Definitions:

Volcanic Mudflows

Volcanic mudflows, also known as lahars, are fast-moving, deadly flows of mud, rocky debris, and water that originate from volcanic eruptions or the melting of snow and ice atop volcanoes.

Composite Volcano

A volcano composed of layers of hardened lava, tephra, and volcanic ash, typically having a steep profile and explosive eruptions.

Shield Volcano

A broad, domed volcano with gently sloping sides, built by the eruption of fluid basaltic lava.

Fissure

A long, narrow opening or crack, especially one in the ground or in rock formations.