MCQOPTIONS
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| 1. |
Which of the following is not an advantage of having a conceptual framework of accounting ? |
| A. | Development of accounting standards is subject less political pressure |
| B. | A consistent balance sheet or income statement approach is used to setting standards |
| C. | Considers the needs of all user |
| D. | Avoids a mixed up approach to setting standards |
| Answer» D. Avoids a mixed up approach to setting standards | |