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  2. Topic
    Business
  3. Study Set
    Intermediate Accounting IFRS
  4. Exam
    Exam 1: Environment and Theoretical Structure of Financial Accounting
  5. Question
    SFAC No.1 Focuses On
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SFAC No.1 Focuses On

Question 1

Question 1

Multiple Choice

SFAC No.1 focuses on:


A) Objectives of financial reporting.
B) Qualitative characteristics of accounting information.
C) Recognition and measurement concepts in accounting.
D) Elements of financial statements.

Correct Answer:

verifed

Verified

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