Which of the following is not a problem of APB Statement 4 mentioned in the text?
A)It is questionable whether the objectives can be implemented by means of the various principles derived from the existing body of accounting.
B)It contains a loosely worded set of definitions.
C)It attempts to be all things to all people.
D)It does not state important evolutionary changes that had begun to occur.

Question

Quizplus · Accepted Answer

The text does not mention that APB Statement 4 does not state important evolutionary changes that had begun to occur as a problem.

Which of the Following Is Not a Problem of APB