Question: Match the correct term with its definition. Conceptual framework. a . independent, nonprofit organization that sets Fiancial accounting and reporting standards for both public and

Match the correct term with its definition.
Conceptual framework.
a. independent, nonprofit organization that sets Fiancial accounting and reporting standards for both public and private sector business that use
b. asume a business will continue to operate in the foreseeable future
c. used by the FASB, which is a set of concepts that guide financial reporting
d. companies can present useful information in shorter time periods such as years quarters or months
e. standards, procedures and principles companies must follow when preparing their financial statements.
f. independent federal agency protecting the interests of investors regulating stock markets and ensuring companies adhere to GAAP requirements

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