Which of the Following Statements Is Not True with Regard

question 63

Multiple Choice

Which of the following statements is not true with regard to the benefits derived from the FASB's conceptual framework of accounting?

• A) It serves as a guide in establishing standards for the FASB.
• B) The Statements of Financial Accounting Concepts is the primary source of GAAP for accountants.
• C) It establishes the objectives of financial reporting.
• D) It enhances comparability between different company's financial statements.

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