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It Is Argued That the Conceptual Framework Is Descriptive, Not

Question 11

Multiple Choice

It is argued that the conceptual framework is descriptive, not prescriptive, because:


A) Its purpose is to try to improve practice rather than simply reflecting and giving approval to existing accounting principles and practice
B) It describes what should happen in practice
C) It simply describes accounting principles as currently practiced and applied
D) None of the above

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