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According to the FASB conceptual framework, for finance reporting to be useful, it must a. Be in accordance with generally accepted accounting principles b. Provide

According to the FASB conceptual framework, for finance reporting to be useful, it must

a. Be in accordance with generally accepted accounting principles

b. Provide information useful for making business and investment decisions

c. Be understandable to those who have a limited knowledge of business activities

. Directly measure the value of the entity being reported on

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