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The objective of general purpose financial reporting is stated in most conceptual frameworks as providing decision-useful information to users of financial reports. Which of
The objective of general purpose financial reporting is stated in most conceptual frameworks as providing decision-useful information to users of financial reports. Which of the following are not regarded as legitimate users of financial reports according to the IASB Framework? a. Special interest groups in the general public b. Recipients of goods and services c. All of the above d. Users without some proficiency in financial accounting Anticipate no profits and provide for all possible losses. This is essence of which of the following accounting principles? O a. Historical Cost Principle O b. Conservatism Principle Oc. Materiality Principle Od. Dual Aspect Principle Clear my choice
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