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FASB Financial Accounting Concepts on Using Estimated Future Cash Flow

Question 18

Multiple Choice

FASB financial accounting concepts on using estimated future cash flow information in accounting measurements identified each of the following four principles except


A) the cash flows should consider all relevant future events and uncertainties
B) the assumptions used to select interest rates should be consistent with the assumptions inherent in the estimated cash flow amounts
C) the estimated cash flows and interest rates should be free from bias and unrelated factors
D) the estimated cash flows should reflect a single most likely minimum or maximum possible amount, rather than a range of possible cash flows

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