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The key components of the conceptual framework include all of the following except; a) specific accounting standards for inventory b) the objective of financial reporting
The key components of the conceptual framework include all of the following except;
a) specific accounting standards for inventory
b) the objective of financial reporting
c) the elements of financial statements
d) recognition criteria
Financial information must be a faithful representation of the economic reality of the events. Faithful representation is achieved when the information is,
a) complete
b) neutral
c) free from material error
d) all of the above
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