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A Soundly Developed Conceptual Framework Enables the International Accounting Standards

Question 83

Multiple Choice

A soundly developed conceptual framework enables the International Accounting Standards Board (IASB) to
I.Issue more useful and consistent pronouncements over time.
II.More quickly solve new and emerging practical problems by referencing basic theory.


A) I only.
B) II only.
C) Both I and II.
D) Neither I nor II.

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