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    Intermediate Accounting Study Set 7
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    Exam 1: The Financial Reporting Environment
  5. Question
    Objectives-Based Standards Are Deemed to Be More Optimal Than Rules-Based
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Objectives-Based Standards Are Deemed to Be More Optimal Than Rules-Based

Question 52

Question 52

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Objectives-based standards are deemed to be more optimal than rules-based standards and principles-based standards.

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