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Which of the following is not an objective of financial reporting described in FASB Concepts Statement No. 1? ?a. To provide information about how management of an enterprise has discharged its stewardship responsibility to owners.?B. To measure the current market value of the business enterprise.?c. To provide information so potential investors or creditors can make their own predictions of future earnings.?d. To focus primarily on information about earnings and its components.?e. All of these are objectives of financial reporting.
?Difficulty: Medium?
3. Which of the following statements about the Financial Accounting Standards Board is correct? ?a...
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