Which of the following statements is correct in relation to the assumptions to be made when preparing financial reports? Oa. The conceptual framework requires that several assumptions be made when preparing financial reports O b. There are no assumptions to be made when preparing financial reports Oc. There is one underlying assumption which is that financial reports are prepared on a going concern basis Od. There is an assumption that more information is better than less lock - IMC Moodle System My courses- Dashboard My courses > Top Bachelor of Business Subjects >2022 Term2 TACC302 Gener Question 3 Not yet answered Marked out of 1.00 Rag question: Which of the following statements is correct in relation to the purpose of theory? O a. some theories explains while others describe what is happening Ob all theories do the same thing Oc they make suggestions and dictate what action must be taken Od the ones only make predictions about what will happen in the future Previous page $ 2 3 4 Q W A N S hp LLI E R T D G H X C V B Which of the following statements is correct in relation to the purpose of theory? O a. some theories explain, while others describe what is happening. O b. all theories do the same thing. O c. they make suggestions and dictate what action must be taken. O d. theories only make predictions about what will happen in the future