Which of the following is true of the Integrated Financial Statement Framework?

a.When using the Integrated Financial Statement Framework for recording transactions, the balances of the income statement columns carry forward from period to period.

b.The Integrated Financial Statement Framework is used to focus more on the effects of transactions on financial statements.

c.The Integrated Financial Statement Framework is used to focus on the mechanics of recording transactions and preparing financial statements.

d.The Integrated Financial Statement Framework is more complex than the accounting cycle for a double-entry accounting system.