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What is not a purpose of the Conceptual Framework? a. To assist IASB in the standard-setting process. b. To provide definitions of the key terms

What is not a purpose of the Conceptual Framework?

a. To assist IASB in the standard-setting process.

b. To provide definitions of the key terms and concepts.

c. To provide specific guidelines for resolving situations not covered by existing accounting standards.

d. To assist accountant in selecting among alternative accounting and reporting methods.

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