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A sound foundation is necessary for success in any task from building a house to putting on makeup. In terms of U.S. Accounting Standards, it

A sound foundation is necessary for success in any task from building a house to putting on makeup. In terms of U.S. Accounting Standards, it is also necessary to have a sound foundation, referred to as the conceptual framework. Let's discuss the conceptual framework. Which of the conceptual framework components do you feel is most important? Why? Be sure to support your answer from the readings in the course.

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