What is the goal of FASB and IASB in the creation of the conceptual framework? To develop standards that are internally consistent. To develop standards that lead to financial reporting that provides clear consistent information to capital providers. To develop standards that are internationally converged. All of these choices are correct.
What is the goal of FASB and IASB in the creation of the conceptual framework? To develop standards that are internally consistent. To develop standards that lead to financial reporting that provides clear consistent information to capital providers. To develop standards that are internationally converged. All of these choices are correct.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the goal of FASB and IASB in the creation of the conceptual framework?
To develop standards that are internally consistent.
To develop standards that lead to financial reporting that provides clear
consistent information to capital providers.
To develop standards that are internationally converged.
All of these choices are correct.
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