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What are the Statements of Financial Accounting Concepts intended to establish? A. The hierarchy of sources of generally accepted accounting principles. B. Generally accepted accounting

What are the Statements of Financial Accounting Concepts intended to establish?
A. The hierarchy of sources of generally accepted accounting principles.
B. Generally accepted accounting principles in financial reporting by business enterprises.
C. The objectives and concepts for use in developing standards of financial accounting and reporting.
D. The meaning of present fairly in accordance with generally accepted accounting principles.

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