Which of the following is not a true statement?
A) SFAC No. 3 defines 10 elements of financial statements.
B) SFAC No. 3 is a resolution of the definitions presented in the discussion memorandum for the conceptual framework project.
C) SFAC No. 3 was amended by SFAC No. 6.
D) SFAC No. 3 discusses in detail the three views of financial accounting mentioned in the discussion memorandum.
Correct Answer:
Verified
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