Question

A sound accounting framework allows for all of the following benefits except: Review Later Identical items being reported on the financial statements of different companies Increased reliability and relevance of financial statements Uniform comparisons between companies Consistency in financial reporting across industries

Answer 1

A sound accounting framework doesn't allows Identical items to be reported on the financial statements of different companies.

What is accounting framework?

An accounting framework serves as a published set of criteria that help in measuring , recognizing the information appearing in an entity's financial statements.

Conclusively, accounting framework doesn't support Identical items to be reported on financial statements of different companies.

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