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[ True or False ] Financial statements are the principal means through which financial information is communicated to those outside an enterprise. [ True or
True or False Financial statements are the principal means through which financial
information is communicated to those outside an enterprise.
True or False One weakness of accrual accounting is that it does not provide a good
indication of the enterprise's present and continuing ability to generate favorable cash flows.
True or False The International Accounting Standards Board issues International
Accounting Standards.
True or False The two major standardsetting organizations in the world are the
International Accounting Standards Board IASB and International Organization of Securities
Commission IOSCO
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