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The International Accounting Standards Board’s (IASB’s) Conceptual Framewor

The International Accounting Standards Board- (IASB-) Conceptual Framework includes supplementary information



TRUE OR FALSE:
1.	The IASB has issued a conceptual framework that is broadly consistent with that of the United States.

	2.	The International Accounting Standards Board- (IASB-) Conceptual Framework includes supplementary information.

	3.	The International Accounting Standards Board- (IASB-) Conceptual Framework includes the elements of financial statements.

	4.	The 2nd level of the IASB- conceptual framework provides the qualitative characteristics that make accounting information useful and the elements of financial statements.

	5.	One of the challenges in developing a common conceptual framework will be to agree on how the framework should be organized since the FASB and IASB conceptual frameworks are organized in very different ways.



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26 May 2016

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  1. Genius

    The International Accounting Standards Board’s (IASB’s) Conceptual Framework includes supplementary information

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