Question: Indicate whether the following statements about the conceptual framework are true or false. a . Accounting rile - mabing that relies on a body of

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

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Accounting rile

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mabing that relies on a body of concepts will result in wethil and comisbent pronouricements.

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General purpose fanancial reports are mont uselul so company insiders in making strategic buniness decisions.

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Troot the dandards based on personal conceptial frameworks generally will rewite in comintent and comparalle accounting reports.

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Capital provideri are the only wers whe benefit from general

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purpose financial reporting.

4 .

Accounting reports should be developed so that wers without knowledge of economics and business can become informed about the financial results of a compary.

The objective of fruanclal reporting is the foundation trom which the other angects of the framework: lopkallyresult.

Indicate whether the following statements about

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