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Pervasive constraints are defined by A. The consistency in the application of methods over time B. What influences or makes a difference to a decision

Pervasive constraints are defined by

A. The consistency in the application of methods over time B. What influences or makes a difference to a decision maker C. Quantitative criteria set by the Financial Accounting Standards Board D. The amount of the benefits received exceed the costs associate with it

The FASB Conceptual Framework for Financial Reporting provide a foundation of qualitative characteristics of useful information. These qualities include

  • A.

    Fundamental Qualities

    Enhancing Qualities

  • B.

    Conservatism Qualities

    Stewardship Qualities

  • C.

    Enhancing Qualities

    Financial Reporting Qualities

  • D.

    Agency Qualities

    Reliability Qualities

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