Question: 1 5 . What is the relationship between the conceptual framework and accounting standards?A ) The conceptual framework replaces accounting standardsB ) Accounting standards are
What is the relationship between the conceptual framework and accounting standards?A The conceptual framework replaces accounting standardsB Accounting standards are developed based on the conceptual frameworkC The conceptual framework is irrelevant to accounting standardsD Accounting standards are designed to bypass the conceptual framework
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