According to the FASB conceptual framework, the objective of financial


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According to the FASB conceptual framework, the objective of financial reporting for business enterprises is based on the needs of the users of financial statements. The level of sophistication that the Board assumes about the users of financial statement

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According to the FASB conceptual framework, the objective of financial
reporting for business enterprises is based on the needs of the users of financial statements. The level of sophistication that the Board assumes about the users of financial statements.

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