menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Study Set 7
  4. Exam
    Exam 1: The Financial Reporting Environment
  5. Question
    Principles-Based Standards Are Deemed to Be More Optimal Than Rules-Based
Solved

Principles-Based Standards Are Deemed to Be More Optimal Than Rules-Based

Question 45

Question 45

True/False

Principles-based standards are deemed to be more optimal than rules-based standards and objectives-based standards.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q40: Which of the following is not a

Q41: Financial accounting standards influence the behavior of

Q42: Which of the following is a characteristic

Q43: Which of the following is a bright-line

Q44: Financial information includes information that is not

Q46: Equity investors include all but which of

Q47: Standard setters develop accounting standards based on

Q48: The FASB promulgates accounting standards in the

Q49: Official U.S. GAAP consist of the bulletins,

Q50: Rules-based standards rely on theories and concepts

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines