6. A company developed its own comprehensive basis of accounting and fully discloses that basis in notes to its financial statements. It combines elements of FASB standards with the tax basis of accounting and the FRF for SMEs. What is this basis of accounting considered to be?

• a) An unacceptable hybrid basis of accounting
• b) An other comprehensive basis of accounting
• c) An acceptable modification of the tax basis of accounting
• d) A special purpose framework

7. Which of the following qualities does the FRF for SMEs describe as important to achieve relevance, but the FASB does not?

• a) Predictive value
• b) Reliability
• c) Timeliness
• d) Neutrality