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    Intermediate Accounting Study Set 7
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    Exam 1: The Financial Reporting Environment
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    Which Type of Standard Relies on Theories and Concepts That
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Which Type of Standard Relies on Theories and Concepts That

Question 14

Question 14

Multiple Choice

Which type of standard relies on theories and concepts that are linked to a well-developed theoretical framework?


A) objectives-based standard
B) principles-based standard
C) theories-based standard
D) rules-based standard

Correct Answer:

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