Answer
True.
Work Step by Step
There should be an alignment between financial reporting objectives and the conceptual framework. The conceptual framework defines how financial reporting should be completed.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 71: E2-1f
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