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Which of the following is NOT true regarding the Conceptual Framework for Financial Reporting? A [ ] It considers the concept of capital maintenance B
Which of the following is NOT true regarding the Conceptual Framework for Financial
Reporting?
A It considers the concept of capital maintenance
B
C
It is an accounting standard that companies have to comply with
D
It encourages companies to present information faithfully
The principles contained within it should be applied where no accounting
standard exists
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
