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The objectives of financial reporting for business enterprises, as set forth by the FASB conceptual framework, are based on: A. SEC reporting requirements B. generally accepted accounting principles (GAAP) C. the needs of users of the information D. materiality | Numerade
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SOLVED:These are used by the FASB, and it is a set of concepts that guide financial reporting. A. Financial Accounting Standards Board (FASB) B. generally accepted accounting principles (GAAP) C. Securities and Exchange Commission (SEC) D. conceptual framework
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