Underlying theme of the conceptual framework

Reference no: EM13152007

1. Although the FASB intends to develop a conceptual framework, no statements of financial accounting concepts have been issued to date, true or false?

2. Decision usefulness is an underlying theme of the conceptual framework, true or false?

3. Users of financial statements are assumed to have substantial knowledge of business and financial accounting matters by financial statement preparers, true or false?

Reference no: EM13152007

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