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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 a Characteristic of Objectives-Based Standards
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Which of the Following Is a Characteristic of Objectives-Based Standards

Question 42

Question 42

Multiple Choice

Which of the following is a characteristic of objectives-based standards?


A) do not rely on professional judgment
B) increase bright-line tests
C) somewhere between principles-based and rules-based
D) no exceptions

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