Question 3 In which of the following circumstances would the framework represented by a standards be more useful than the FRF for SME al Management uses the financial statements primarily to answer tormance of the reporting entity Ob Owners or management want to raise capital in public markets Od Investors and lenders have the ability to require management to provide information that is not Included in financial statements O di Lenders are basing their lending decisions on the strength of collateral Question 4 Which of the following bases of accounting is a special purpose framework, but not another comprehensive basis of accounting? O a) FASB b) IFRS O c) Contractual d) Tax basis