A conceptual framework for financial reporting is a statement of generally accepted theoretical principles, which provide the basis for __________________. i)Development of new accounting standards ii)Development of accounting staff through training programs iii)Evaluation of accounting standards which already in existence. iv)Developing quality control methods to enhance the quality of products and services. a. i) & iii) b. ii) & iv) c. iii) & iv) d. i) & ii)
A conceptual framework for financial reporting is a statement of generally accepted theoretical principles, which provide the basis for __________________. i)Development of new accounting standards ii)Development of accounting staff through training programs iii)Evaluation of accounting standards which already in existence. iv)Developing quality control methods to enhance the quality of products and services. a. i) & iii) b. ii) & iv) c. iii) & iv) d. i) & ii)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 7C
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A conceptual framework for financial reporting is a statement of generally accepted theoretical principles, which provide the basis for __________________.
i)Development of new accounting standards
ii)Development of accounting staff through training programs
iii)Evaluation of accounting standards which already in existence.
iv)Developing quality control methods to enhance the quality of products and services.
a.
i) & iii)
b.
ii) & iv)
c.
iii) & iv)
d.
i) & ii)
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