Which of the following items is NOT included in FASB's conceptual framework of accounting theory?
A) qualities of useful accounting information
B) fundamental principles and assumptions that guide financial accounting and reporting
C) objectives of financial reporting
D) All of these choices are included in the conceptual framework

Question

Quizplus · Accepted Answer

All of these choices (qualities of useful accounting information, fundamental principles and assumptions that guide financial accounting and reporting, objectives of financial reporting) are included in the FASB's conceptual framework of accounting theory.

Which of the Following Items Is NOT Included in FASB's