The base for the preparation of the financial statements is exposed in the NBC TG Conceptual Framework. The Conceptual Framework aims to provide co...

The base for the preparation of the financial statements is exposed in the NBC TG Conceptual Framework. The Conceptual Framework aims to provide concepts capable of ensuring that the financial statements facilitate the decision-making process through useful information to the various users of accounting. Mark (V) for true and (F) for false in the following statements about the Conceptual Framework.

( ) Continuity is a basic assumption for the preparation of financial statements, that is, it is assumed that the company will continue to operate in the future.
( ) The objective of financial statements is to provide information about the financial position, performance, and cash flows of an entity that is useful to a wide range of users in making economic decisions.
( ) The Conceptual Framework is not mandatory for the preparation of financial statements.
( ) The Conceptual Framework is a set of rules that must be followed in the preparation of financial statements.
( ) The Conceptual Framework provides guidance on how to recognize, measure, and disclose financial transactions and events.
a) V, V, F, F, V
b) F, V, F, F, V
c) V, F, F, F, V
d) F, V, F, F, F
e) V, V, F, F, F