Multiple Choice
Which of the following statements about the objective of general purpose financial reports (GPFRs) , as contained in the IASB's Conceptual Framework, is correct?
A) GPFRs will generally satisfy user's needs for information.
B) The IASB's Conceptual Framework deliberately emphasises sustainability as an objective of GPFRs.
C) The entity perspective has been adopted when defining the objectives of GPFRs.
D) The primary users of GPFRs are seen as being a diverse group including shareholders, creditors, regulators, members of the public, etc.
Correct Answer:
Verified
Correct Answer:
Verified
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