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AICPA Exam CPA-Financial Topic 1 Question 57 Discussion
Actual exam question for
AICPA's
CPA Financial Accounting and Reporting exam
Question #: 57
Topic #: 1
[All CPA Financial Accounting and Reporting Questions]
Topic #: 1
According to the FASB's conceptual framework, the process of reporting an item in the financial statements of an entity is:
Suggested Answer:
A
Choice 'a' is correct. Recognition.
According to the FASB's conceptual framework, the process of reporting an item in the financial statements of an entity is recognition.
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