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The first level in the International Accounting Standards Board's (IASB's) Conceptual Framework: OA B 1300 Oc OD. Provides the elements of financial statements. Identifies the

The first level in the International Accounting Standards Board's (IASB's) Conceptual Framework: OA B 1300 Oc OD. Provides the elements of financial statements. Identifies the objective of financial reporting. Includes assumptions, principles, and constraints. Identifies recognition, measurement, and disclosure concepts used in establishing and applying accounting standards

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