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The Joint Efforts of the FASB and the IASB to Set

Question 22

Multiple Choice

The joint efforts of the FASB and the IASB to set forth qualitative characteristics of financial reporting information have led to which of the following tentative pervasive constraints?


A) cost, only
B) materiality, only
C) understandability, only
D) timeliness, only
E) materiality and cost

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