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2. (4 points) Which of the following is NOT one of FASB's three (3) objectives for financial accounting? (AC 2) A) Provide information that shows

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2. (4 points) Which of the following is NOT one of FASB's three (3) objectives for financial accounting? (AC 2) A) Provide information that shows the resources of a firm and the claims on them. B) Provide information that helps users assess future cash flows. C) Provide information that is understandable to rational decision makers. D) Provide information that is useful for making decisions. 3. (4 points) Under current accounting practice, intangible assets are classified as (A 33) A) limited-life or indefinite-life. B) legally restricted or goodwill-type C) amortizable or unamortizable. D) specifically identifiable or goodwill-type

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