During the conceptual framework period of accounting standard setting in Australia,which of the following is most correct?
A) Political considerations completely disappeared as a factor in choosing between accounting methods
B) Arguments by business in relation to proposed changes to standards were based on consideration of the conceptual framework rather than on self-interest
C) It became possible to introduce standards that were less popular with the business community
D) None of above is correct
Correct Answer:
Verified
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