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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