What is the purpose of the conceptual framework?

What will be an ideal response?

Answer: The purpose of the conceptual framework is to establish objectives and fundamental concepts that are the basis for developing and revising financial accounting and reporting standards.

Business

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Federal government uses _________________________ to regulate

Fill in the blank(s) with the appropriate word(s).

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________ variables are best suited to be the decision variables when dealing with yes-or-no decisions

Fill in the blank with correct word.

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Business