According to the Conceptual Framework the Primary Objective of Financial

question 1

Multiple Choice

According to the conceptual framework the primary objective of financial information is

• A) Decision Usefulness
• B) Prediction
• C) Stewardship
• D) Accountability

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Definitions:

Representation

The action of speaking or acting on behalf of someone or the state of being so represented, particularly in a legislative or political context.

Minorities

Groups in a population that are smaller in number and often have different ethnic, racial, religious, or cultural characteristics from the majority of the population.

Women

Adult human females.

U.S. Congress

The bicameral legislative body of the federal government of the United States, consisting of the House of Representatives and the Senate.