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What Is a Purpose of Having a Conceptual Framework

Question 42

Multiple Choice

What is a purpose of having a conceptual framework?


A) To make sure that economic activity can be identified with a particular legal entity.
B) To segregate activities among competing companies.
C) To provide comparable information for different companies.
D) To enable the profession to more quickly solve emerging practical problems and to provide a foundation from which to build more useful standards.

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