Remaining Time: 35 minutes, 51 seconds Question Completion Status What is a purpose of having a conceptual framework? o a To enable the profession to more quickly solve emergin b. To provide comparable information for diferent companies. g practical problems and to provide a foundation from which to build more useful standards. c To make sure that economic activity can be identified with a particular legal entity. o d. To segregate activities among different companies. QUESTION 18 Which of the following is an ethical concern of accountants a.Managerial Accounting. b. Earnings manipulation. &Industry practices d. Conservative accouting. QUESTION 19 Accounting information is considered to be relevant when oais understandable by reasonably infonmed users of accounting information b.is vernable and neutral. o c can be depended on to represent the economic conditions o d. is capable of making a difference in a decision. and events that & is intended to represent QUESTION 20 Which of the following is afundamenital quality of useful accounting informatiorn b. Conservats G