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Accounting rule-making that relies on a body of concepts will result in useful and...

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Accounting

Accounting rule-making that relies on a body of concepts will result in
useful and consistent pronouncements. Tr
b. General-purpose financial reports are most useful to company insiders in
making strategic business decisions.
Fa
c. Accounting standards based on personal conceptual frameworks generally
will result in consistent and comparable accounting reports.
d. Capital providers are the only users who benefit from general-purpose
financial reporting.
e. Accounting reports should be developed so that users without knowledge
of economics and business can become informed about the financial
results of a company.
f. The objective of financial reporting is the foundation from which the other
aspects of the framework logically result

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