Current Aftempt in Progress

Indicate whether the following statements about the conceptual framework are true or falle.

a$.$ Accounting rule$-$making that relies on a body of concepts will result in uneld and considere pronouncements. $$

b$.$ General$-$purpose financial reports are most usebul to company insiders in making atrategic business decisions. $$

c$.$ Accountingshandards based on personal conceptual frameworks peweraly will resit inconsitent and comparable accounting reports. $$

d$.$ Capits$/$ previbers we the only reers who benefit from general parpour francid reporting. $$

$4.$ Accounting reports should be developed so that users without knowlefer af economics and buiness can $$ become informed about the fmancial results ef a company.

The ebjective ef financial reporting is the foundation from which the offer mench af the framework logically reuit.

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