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    Intermediate Accounting Study Set 7
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    Exam 1: The Financial Reporting Environment
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    Which of the Following Is Not a Current Trend in Accounting-Standards
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Which of the Following Is Not a Current Trend in Accounting-Standards

Question 40

Question 40

Multiple Choice

Which of the following is not a current trend in accounting-standards setting?


A) increase in political involvement
B) move toward principles-based system
C) focus on asset/liability approach
D) emphasis on measuring fair value

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