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Match the Descriptions with Their Terms

Question 53

Multiple Choice

Match the descriptions with their terms :
-All circumstances and events that could make a difference to the decisions financial statement users might make should be disclosed in the financial statements.


A) Resource providers
B) Materiality
C) Assets
D) SAC 2
E) Full disclosure principle
F) Cost
G) A conceptual framework
H) Verifiability
I) The Conceptual Framework
J) The Framework
K) Losses
L) Contingent liabilities

Correct Answer:

verifed

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