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The Joint Efforts of the FASB and the IASB to Set

Question 120

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 fundamental qualitative characteristics?


A) relevance, only
B) faithful representation, only
C) relevance and faithful representation
D) materiality, only
E) cost, only

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