(Solved): Which of the following was not one of the reasons for the FASB's decision to undertake the Conceptua ...

Which of the following was not one of the reasons for the FASB's decision to undertake the Conceptual Framework project? Multiple Choice To provide a structure or framework of financial accounting concepts. To describe concepts that will underlie guidence on future accounting practices and in due course serve as a basis for evaluating exasting guadance and practices. To provide detailed, industry-specific authoritative guidance for the accounting and financial reporting of complex business transactions. To facilitate the FASB's efforts in developing accounting and reporting guidance by providing a common foundation and basic reasoning on which to consider merits of alternatives.