Multiple Choice
SAC3 arranges the qualitative characteristics in three levels:
A) fundamentals, presentation, display
B) fundamentals, enforcement, display
C) fundamentals, enhancing, constraints
D) assets, liabilities, owners' equity
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Under the framework financial information that assists
Q3: In Australia,income is limited to:<br>A) revenue and
Q4: Under the Framework,the purchase of inventory by
Q5: The constraint(s)on relevant,reliable,material,understandable and comparable information is/are:<br>A)
Q6: Attributes of relevant information include:<br>A) a faithful
Q7: The Framework definition of revenue (income)differs in
Q8: 'That quality of financial information which exists
Q9: In Australia under the conceptual framework,which of
Q10: The two principle ingredients of relevance specified
Q16: The recognition of an element of a