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Objectives, qualitative characteristics, elements, and recognition and measurement are components of the fasb conceptual framework.

A.True
B.False

User Dean Bates
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1 Answer

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Final answer:

The FASB conceptual framework consists of objectives, qualitative characteristics, elements, recognition and measurement.

Step-by-step explanation:

The statement is True. The FASB (Financial Accounting Standards Board) conceptual framework consists of several components, including objectives, qualitative characteristics, elements, and recognition and measurement. These components provide a foundation for developing and evaluating accounting standards.

User Nawaf Khalifah
by
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