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Which conceptual framework characterises equity as

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Reference no: EM132774721

Problem 1: The Conceptual Framework characterises equity as:

Select one:

a. being influenced by the measurement systems adopted for assets and liabilities.
b. All of these options
c. a result of a profitable business operation.
d. a residual.

Problem 2: In the current Conceptual Framework the fundamental qualitative characteristic of faithful representation requires information to be:

Select one:

a. complete: includes all necessary descriptions and explanations
b. all of these options.
c. free from material error.
d. neutral: without bias

Reference no: EM132774721

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