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Which of the Following Is Not a Purpose of a Conceptual

Question 2

Multiple Choice

Which of the following is not a purpose of a conceptual framework of accounting concepts and financial reporting objectives?


A) To increase the user's ability to understand financial statements.
B) To increase financial statement users' confidence in financial reporting.
C) To provide a foundation for detailed accounting and reporting rules.
D) To enhance comparability among companies' financial statements.

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