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The authoritative status of the conceptual framework - it

Answer the following multiple-choice questions. The authoritative status of the conceptual framework is as follows.

(a) It is used when there is no standard or interpretation related to the reporting issues under consideration.

(b) It is not as authoritative as a standard but takes precedence over any interpretation related to the reporting issue.

(d) It has no authoritative status.

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Cost Accounting: The authoritative status of the conceptual framework - it

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