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olga55 [171]
2 years ago
13

According to the FASB conceptual framework, the rele-vance of providing information in financial statements is subject to the co

nstraint of:
a. Comparability.

b. Cost-benefit.

c. Reliability.

d. Faithful representation.
Business
1 answer:
Liula [17]2 years ago
6 0

Answer:

B. Cost-Benefit

Explanation:

According to the Financial Accounting Standard Board (FASB) framework, it is important to estimate the cost and benefit of information before deciding the relevance of the information. It decides when to disclose and whether to disclose the information

Once, the cost of such information outweighs the benefits of its disclosure then FASB framework terms it as not relevant.

Cost of Information

Financial reporting through the preparation of financial statements has a cost, these costs include provision, preparation as well as the audit of the information provided. The cost-benefit constraint basically intends to ensure that financial statements are most-effectively and most-efficiently prepared.

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ololo11 [35]

Answer:

No impairment loss would be reported

Explanation:

The computation is shown below;

Impairment loss = carrying value - recoverable amount

Where,

The recoverable amount would be the higher amount of fair market value and value in use

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Answer:

Growth rate 2.4%

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g= -.36/-15

g=2.4%

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3 years ago
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This question is incomplete.

The complete question, answer & explanation for this question is given in the attachment below.

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