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Reading 31: Financial Reporting Standards - LOS g ~ Q1-2

Q1. Disagreements that inhibit development of a coherent financial reporting framework are least likely to involve which of the following?

A)   Valuation.

B)   Transparency.

C)   Standard setting.

Q2. Which of the following is least likely to be considered a characteristic of a coherent financial reporting framework?

A)   Transparency.

B)   Stability.

C)   Comprehensiveness.

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d

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000

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thanks

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 thx

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