Brief exercise 1.5 fasb conceptual framework (lo1-5)
choose the topics addressed in the fasb's conceptual framework. (you may select more than one answer. single click the box with
the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box
for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.)
175
points
2 elements of financial statements.
2 desired characteristics of accounting information
ebook
2 objectives of financial reporting
references
2 valuation concepts relating to financial statement amounts.
? judgment about future events.
? assessment of management intent.
? criteria for deciding what information to include in financial statements.
what are the topics addressed in the fasb conceptual framework